Pacer Advisors Inc. Sells 17,728 Shares of CenterPoint Energy, Inc. $CNP

Pacer Advisors Inc. reduced its position in CenterPoint Energy, Inc. (NYSE:CNP) by 22.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,472 shares of the utilities provider’s stock after selling 17,728 shares during the period. Pacer Advisors Inc.’s holdings in CenterPoint Energy were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CNP. Brighton Jones LLC purchased a new position in CenterPoint Energy in the fourth quarter worth about $254,000. AQR Capital Management LLC increased its position in shares of CenterPoint Energy by 15.6% during the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after purchasing an additional 10,277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CenterPoint Energy by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after purchasing an additional 3,821 shares during the period. Empowered Funds LLC lifted its stake in shares of CenterPoint Energy by 11.5% in the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 1,384 shares during the period. Finally, Woodline Partners LP boosted its holdings in shares of CenterPoint Energy by 40.7% in the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after buying an additional 15,922 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNP. Morgan Stanley set a $40.00 target price on shares of CenterPoint Energy in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research report on Monday, June 15th. BTIG Research started coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Truist Financial reduced 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. Nine 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.57.

CenterPoint Energy Stock Performance

CNP opened at $40.67 on Friday. The firm has a market cap of $26.79 billion, a P/E ratio of 23.92, a PEG ratio of 2.41 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 50 day simple moving average of $43.07 and a two-hundred day simple moving average of $42.55. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data 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 firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s dividend payout ratio (DPR) is currently 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.