Vestcor Inc Raises Stock Position in CenterPoint Energy, Inc. $CNP

Vestcor Inc increased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 107.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,630 shares of the utilities provider’s stock after purchasing an additional 23,100 shares during the quarter. Vestcor Inc’s holdings in CenterPoint Energy were worth $1,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pinebridge Investments LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at $1,083,000. Vise Technologies Inc. increased its holdings in CenterPoint Energy by 68.8% in the 4th quarter. Vise Technologies Inc. now owns 15,314 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 6,244 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in shares of CenterPoint Energy by 5.5% in the 4th quarter. Magellan Asset Management Ltd now owns 553,939 shares of the utilities provider’s stock worth $21,238,000 after buying an additional 28,790 shares during the last quarter. Cibc World Market Inc. bought a new stake in shares of CenterPoint Energy in the 4th quarter worth about $1,917,000. Finally, Transatlantique Private Wealth LLC increased its holdings in shares of CenterPoint Energy by 49.0% in the 4th quarter. Transatlantique Private Wealth LLC now owns 13,482 shares of the utilities provider’s stock worth $517,000 after buying an additional 4,432 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Bank of America boosted their price target on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, KeyCorp increased their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Stock Performance

NYSE CNP opened at $42.71 on Monday. The company has a market cap of $27.94 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.53 and a beta of 0.46. The stock’s 50 day simple moving average is $42.69 and its 200-day simple moving average is $41.11. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

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 paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy’s payout ratio is presently 56.44%.

CenterPoint Energy Company 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.