North Dakota State Investment Board Takes $857,000 Position in CenterPoint Energy, Inc. $CNP

North Dakota State Investment Board acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, Holdings Channel.com reports. The fund acquired 22,345 shares of the utilities provider’s stock, valued at approximately $857,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth about $125,000. Beese Fulmer Investment Management Inc. lifted its holdings in CenterPoint Energy by 100.2% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 12,100 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 6,057 shares in the last quarter. Accredited Investors Inc. purchased a new stake in CenterPoint Energy during the 4th quarter worth about $263,000. Canada Post Corp Registered Pension Plan lifted its holdings in CenterPoint Energy by 35.3% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 13,304 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 3,470 shares in the last quarter. Finally, DNB Asset Management AS lifted its holdings in CenterPoint Energy by 0.8% during the 4th quarter. DNB Asset Management AS now owns 277,742 shares of the utilities provider’s stock worth $10,649,000 after purchasing an additional 2,306 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE:CNP opened at $42.31 on Thursday. The firm has a market capitalization of $27.68 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 2.52 and a beta of 0.48. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47. The stock has a fifty day moving average of $42.84 and a 200 day moving average of $40.85. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16.

CenterPoint Energy (NYSE:CNP) last posted 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 business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same period in the prior year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.44%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CNP. Bank of America increased their price objective on CenterPoint Energy from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. 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 note on Wednesday, April 15th. Mizuho set a $44.00 price objective on CenterPoint Energy in a research note on Monday, February 23rd. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Finally, Morgan Stanley reissued an “underperform” rating and set a $37.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.62.

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.