Ontario Teachers Pension Plan Board Takes $106.17 Million Position in CenterPoint Energy, Inc. $CNP

Ontario Teachers Pension Plan Board acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,410,776 shares of the utilities provider’s stock, valued at approximately $106,171,000. CenterPoint Energy comprises 0.7% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 21st largest holding.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors boosted its position in CenterPoint Energy by 1.1% during the fourth quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after purchasing an additional 235,346 shares during the period. Ilmarinen Mutual Pension Insurance Co bought a new position in shares of CenterPoint Energy in the fourth quarter valued at approximately $3,834,000. Principal Financial Group Inc. lifted its stake in shares of CenterPoint Energy by 6.9% in the fourth quarter. Principal Financial Group Inc. now owns 962,624 shares of the utilities provider’s stock worth $36,907,000 after buying an additional 61,740 shares during the last quarter. Artemis Investment Management LLP lifted its stake in shares of CenterPoint Energy by 96.0% in the fourth quarter. Artemis Investment Management LLP now owns 1,595,867 shares of the utilities provider’s stock worth $61,186,000 after buying an additional 781,849 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CenterPoint Energy by 5.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,838 shares of the utilities provider’s stock worth $52,976,000 after buying an additional 67,037 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. BMO Capital Markets cut their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley set a $40.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 22nd. BTIG Research initiated coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.43.

CenterPoint Energy Stock Down 0.1%

CNP opened at $40.59 on Wednesday. The business has a 50 day moving average of $42.86 and a 200-day moving average of $42.62. The stock has a market capitalization of $26.73 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.42 and a beta of 0.46. The company has a current ratio of 1.12, a quick ratio of 0.97 and a debt-to-equity ratio of 1.95. CenterPoint Energy, Inc. has a 1-year low of $36.60 and a 1-year high of $45.26.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter in the previous year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. CenterPoint Energy’s payout ratio is presently 54.12%.

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.