Healthcare of Ontario Pension Plan Trust Fund Has $1.77 Million Stake in CenterPoint Energy, Inc. $CNP

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 58.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,021 shares of the utilities provider’s stock after acquiring an additional 15,212 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CenterPoint Energy were worth $1,770,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CNP. Caitong International Asset Management Co. Ltd raised its stake in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares during the period. Zacks Investment Management boosted its position in CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares during the period. Salomon & Ludwin LLC increased its holdings in shares of CenterPoint Energy by 16.1% in the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 308 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of CenterPoint Energy by 3.2% in the fourth quarter. Horizon Investments LLC now owns 10,483 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 326 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of CenterPoint Energy by 6.7% in the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock valued at $206,000 after purchasing an additional 333 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNP has been the subject of a number of research reports. BMO Capital Markets cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a research note on Thursday, June 18th. Morgan Stanley set a $40.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 22nd. KeyCorp cut their price objective on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, BTIG Research assumed coverage on CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating for the company. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.64.

CenterPoint Energy Stock Down 0.0%

CNP opened at $42.15 on Friday. CenterPoint Energy, Inc. has a fifty-two week low of $36.60 and a fifty-two week high of $45.26. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.04 and a current ratio of 1.12. The company has a market capitalization of $27.76 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.50 and a beta of 0.46. The stock has a fifty day moving average of $43.23 and a 200-day moving average of $42.47.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the company posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio 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.