Teacher Retirement System of Texas Invests $3.45 Million in CenterPoint Energy, Inc. (NYSE:CNP)

Teacher Retirement System of Texas bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 95,279 shares of the utilities provider's stock, valued at approximately $3,452,000.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter worth approximately $254,000. Jones Financial Companies Lllp lifted its holdings in CenterPoint Energy by 57.4% during the 4th quarter. Jones Financial Companies Lllp now owns 13,195 shares of the utilities provider's stock worth $419,000 after purchasing an additional 4,810 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in CenterPoint Energy by 2.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,731 shares of the utilities provider's stock valued at $626,000 after purchasing an additional 518 shares during the period. Assetmark Inc. grew its holdings in CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock valued at $29,000 after buying an additional 782 shares in the last quarter. Finally, Atria Investments Inc increased its position in CenterPoint Energy by 57.1% during the 4th quarter. Atria Investments Inc now owns 34,577 shares of the utilities provider's stock worth $1,097,000 after buying an additional 12,563 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

Shares of CNP stock traded up $0.14 on Thursday, hitting $36.21. 3,771,722 shares of the company's stock were exchanged, compared to its average volume of 5,640,858. The company has a 50 day moving average of $36.84 and a 200 day moving average of $35.17. The stock has a market cap of $23.64 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.93 and a quick ratio of 0.79. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $39.31.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.73 billion. CenterPoint Energy had a net margin of 10.80% and a return on equity of 9.74%. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, equities research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 15th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, May 15th. CenterPoint Energy's dividend payout ratio is presently 59.06%.

Wall Street Analysts Forecast Growth

CNP has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Argus upgraded shares of CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. BMO Capital Markets lifted their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Monday, March 17th. Evercore ISI boosted their price target on CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Jefferies Financial Group began coverage on CenterPoint Energy in a research note on Wednesday, April 2nd. They set a "buy" rating and a $42.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $36.04.

CenterPoint Energy 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.