Ontario Teachers Pension Plan Board Purchases New Holdings in CenterPoint Energy, Inc. $CNP

Ontario Teachers Pension Plan Board acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,410,776 shares of the utilities provider’s stock, valued at approximately $106,171,000. CenterPoint Energy accounts for 0.7% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 21st largest position. Ontario Teachers Pension Plan Board owned about 0.37% of CenterPoint Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after buying an additional 235 shares during the period. Rothschild Investment LLC grew its holdings in shares of CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after buying an additional 457 shares in the last quarter. DV Equities LLC purchased a new position in shares of CenterPoint Energy during the fourth quarter valued at $35,000. Finally, MidFirst Bank acquired a new position in CenterPoint Energy during the second quarter valued at $38,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wolfe Research reissued an “outperform” rating and issued a $49.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, July 29th. Evercore set a $43.00 target price on CenterPoint Energy in a research note on Monday. Morgan Stanley set a $40.00 target price on CenterPoint Energy in a report on Wednesday, July 22nd. BTIG Research began coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating for the company. Finally, Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a research report on Thursday, June 18th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.43.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $40.59 on Wednesday. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.42 and a beta of 0.46. CenterPoint Energy, Inc. has a 1 year low of $36.60 and a 1 year high of $45.26. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. The business has a fifty day simple moving average of $42.86 and a 200 day simple moving average of $42.62.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is presently 54.12%.

CenterPoint Energy Profile

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.