Maryland State Retirement & Pension System Sells 25,682 Shares of CenterPoint Energy, Inc. $CNP

Maryland State Retirement & Pension System lessened its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 621,246 shares of the utilities provider’s stock after selling 25,682 shares during the period. Maryland State Retirement & Pension System’s holdings in CenterPoint Energy were worth $26,813,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new position in CenterPoint Energy during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted 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 last quarter. Rothschild Investment LLC lifted its position in shares of CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after buying an additional 457 shares during the last quarter. DV Equities LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth about $35,000. Finally, Rexford Capital Inc. bought a new stake in shares of CenterPoint Energy during the 1st quarter worth about $39,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Trading Down 0.8%

Shares of NYSE:CNP opened at $43.79 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The stock’s 50-day moving average is $42.95 and its 200-day moving average is $42.04. The company has a market cap of $28.64 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.61 and a beta of 0.46. CenterPoint Energy, Inc. has a 52-week low of $35.58 and a 52-week high of $45.22.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 21st. CenterPoint Energy’s payout ratio is currently 56.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CNP. Bank of America increased their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. Barclays increased their price target on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research report on Thursday, June 18th. Finally, Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $44.69.

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.