Public Employees Retirement System of Ohio Takes Position in CenterPoint Energy, Inc. $CNP

Public Employees Retirement System of Ohio purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 373,113 shares of the utilities provider’s stock, valued at approximately $16,432,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its holdings in CenterPoint Energy by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock valued at $2,234,712,000 after buying an additional 6,794,535 shares during the period. Capital Research Global Investors boosted its stake in CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after buying an additional 235,346 shares during the period. Deutsche Bank AG acquired a new stake in shares of CenterPoint Energy during the second quarter valued at about $770,871,000. Geode Capital Management LLC increased its position in shares of CenterPoint Energy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock valued at $650,189,000 after acquiring an additional 166,305 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at approximately $343,925,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CNP. JPMorgan Chase & Co. increased their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Morgan Stanley cut their target price on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. BMO Capital Markets decreased their price target on CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Finally, Truist Financial dropped their price objective on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.36.

CenterPoint Energy Stock Down 0.1%

Shares of NYSE CNP opened at $39.24 on Friday. The stock has a market cap of $25.85 billion, a P/E ratio of 23.08, a PEG ratio of 2.32 and a beta of 0.46. The business’s fifty day simple moving average is $42.32 and its 200-day simple moving average is $42.58. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month 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.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s dividend payout ratio is presently 56.47%.

About CenterPoint Energy

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.