California State Teachers Retirement System Buys 1,014 Shares of CenterPoint Energy, Inc. $CNP

California State Teachers Retirement System grew its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 0.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 758,503 shares of the utilities provider's stock after acquiring an additional 1,014 shares during the quarter. California State Teachers Retirement System owned about 0.12% of CenterPoint Energy worth $33,404,472 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of CenterPoint Energy in the second quarter worth $27,000. New Age Alpha Advisors LLC purchased a new position in CenterPoint Energy during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its stake in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider's stock worth $27,000 after acquiring an additional 235 shares in the last quarter. Rothschild Investment LLC grew its holdings in CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider's stock worth $28,000 after acquiring an additional 457 shares during the period. Finally, MidFirst Bank purchased a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $38,000. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Down 1.5%

Shares of CNP stock traded down $0.57 on Tuesday, hitting $38.08. 3,572,430 shares of the stock traded hands, compared to its average volume of 5,707,378. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a twelve month low of $37.22 and a twelve month high of $45.26. The stock has a market capitalization of $25.08 billion, a PE ratio of 22.40, a PEG ratio of 2.59 and a beta of 0.46. The firm's 50-day moving average price is $41.31 and its two-hundred day moving average price is $42.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping 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 analyst estimates of $2.12 billion. 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. As a group, analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CNP shares. Evercore set a $43.00 target price on CenterPoint Energy in a report on Monday, August 17th. BMO Capital Markets lowered their price target on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Truist Financial lowered their target price on CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Jefferies Financial Group set a $50.00 price objective on CenterPoint Energy in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

CenterPoint Energy Profile

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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