CenterPoint Energy, Inc. $CNP Stock Position Lifted by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 4,309.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,404,472 shares of the utilities provider's stock after acquiring an additional 32,646,983 shares during the quarter. California State Teachers Retirement System owned 5.07% of CenterPoint Energy worth $1,471,133,000 as of its most recent SEC filing.

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

CenterPoint Energy Stock Performance

NYSE:CNP opened at $39.14 on Friday. The company has a 50-day moving average of $41.41 and a 200-day moving average of $42.42. The firm has a market cap of $25.78 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46. 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, Inc. has a twelve month low of $37.22 and a twelve month high of $45.26.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same period in the previous year, the firm earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. CenterPoint Energy's dividend payout ratio is 56.47%.

Wall Street Analyst Weigh In

CNP has been the subject of a number of analyst reports. BTIG Research started coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They set a "neutral" rating for the company. Wolfe Research reaffirmed an "outperform" rating and set a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. Morgan Stanley reduced their price objective on CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a research report on Thursday, June 18th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, CenterPoint Energy presently has a consensus rating of "Moderate Buy" and an average target price of $45.36.

About CenterPoint Energy

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.

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