OMERS ADMINISTRATION Corp Takes $1.47 Million Position in CenterPoint Energy, Inc. $CNP

OMERS ADMINISTRATION Corp purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,314 shares of the utilities provider’s stock, valued at approximately $1,467,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in CenterPoint Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock worth $3,158,492,000 after acquiring an additional 719,803 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 6,794,535 shares during the period. Capital Research Global Investors lifted its position in shares of CenterPoint Energy by 1.1% in the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after purchasing an additional 235,346 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of CenterPoint Energy in the second quarter worth approximately $770,871,000. Finally, Geode Capital Management LLC boosted its holdings 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 worth $650,189,000 after purchasing an additional 166,305 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Up 1.8%

Shares of CenterPoint Energy stock opened at $39.63 on Thursday. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The stock has a 50 day moving average price of $42.46 and a two-hundred day moving average price of $42.61. The stock has a market capitalization of $26.11 billion, a P/E ratio of 23.31, a PEG ratio of 2.31 and a beta of 0.46.

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 analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.24 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 20th. This represents a $0.96 annualized dividend and a yield of 2.4%. CenterPoint Energy’s payout ratio is 56.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $49.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 29th. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group set a $50.00 price target on shares of CenterPoint Energy in a report on Thursday, June 18th. BMO Capital Markets dropped their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on CenterPoint Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.36.

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.