State of New Jersey Common Pension Fund D Lowers Stock Position in CenterPoint Energy, Inc. $CNP

State of New Jersey Common Pension Fund D reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 203,390 shares of the utilities provider’s stock after selling 16,178 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CenterPoint Energy were worth $7,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wealthfront Advisers LLC lifted its position in shares of CenterPoint Energy by 37.7% during the 4th quarter. Wealthfront Advisers LLC now owns 151,766 shares of the utilities provider’s stock valued at $5,819,000 after buying an additional 41,556 shares in the last quarter. Torren Management LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at about $68,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of CenterPoint Energy by 3.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 297,069 shares of the utilities provider’s stock valued at $11,390,000 after buying an additional 10,796 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of CenterPoint Energy by 5.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,323 shares of the utilities provider’s stock valued at $319,000 after buying an additional 395 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of CenterPoint Energy by 31.3% during the 4th quarter. UBS Group AG now owns 7,261,079 shares of the utilities provider’s stock valued at $278,390,000 after buying an additional 1,728,865 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNP. Barclays lifted their price objective on CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Jefferies Financial Group lifted their target price on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. KeyCorp lifted their target price on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Bank of America lifted their target price on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.15.

CenterPoint Energy Stock Down 0.5%

Shares of CNP opened at $43.43 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $44.47. The business’s 50 day moving average is $43.09 and its 200 day moving average is $40.62. The company has a market capitalization of $28.41 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.During the same period last year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Research analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio is 56.44%.

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.