Public Employees Retirement System of Ohio Has $9.81 Million Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Public Employees Retirement System of Ohio boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,063 shares of the utilities provider's stock after purchasing an additional 78,969 shares during the quarter. Public Employees Retirement System of Ohio's holdings in CenterPoint Energy were worth $9,807,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors increased its position in shares of CenterPoint Energy by 156.4% during the fourth quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider's stock valued at $1,446,036,000 after purchasing an additional 27,799,744 shares during the period. BROOKFIELD Corp ON acquired a new position in CenterPoint Energy during the fourth quarter worth $164,350,000. Norges Bank bought a new position in shares of CenterPoint Energy during the fourth quarter valued at $158,232,000. American Century Companies Inc. boosted its stake in shares of CenterPoint Energy by 1,431.1% in the 4th quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider's stock valued at $108,153,000 after purchasing an additional 3,185,932 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of CenterPoint Energy in the 4th quarter valued at $97,348,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on CenterPoint Energy from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Argus upgraded shares of CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. Barclays upgraded CenterPoint Energy from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $30.00 to $37.00 in a research report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on CenterPoint Energy in a report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price target on the stock. Finally, Scotiabank reissued an "outperform" rating and set a $40.00 price objective (up from $35.00) on shares of CenterPoint Energy in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and a consensus price target of $36.04.

CenterPoint Energy Trading Up 0.5%

Shares of CNP traded up $0.17 during trading hours on Friday, reaching $37.28. The stock had a trading volume of 9,664,105 shares, compared to its average volume of 5,644,205. The company has a market cap of $24.33 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.71 and a beta of 0.63. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $39.31. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average of $37.19 and a 200 day moving average of $34.30.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.73 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 2.36%. CenterPoint Energy's dividend payout ratio (DPR) is currently 59.06%.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.