CenterPoint Energy, Inc. $CNP Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 68.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 155,531 shares of the utilities provider’s stock after buying an additional 63,332 shares during the period. CIBC Asset Management Inc’s holdings in CenterPoint Energy were worth $5,963,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CNP. Brighton Jones LLC acquired a new stake in CenterPoint Energy during the 4th quarter valued at $254,000. AQR Capital Management LLC grew its holdings in CenterPoint Energy by 15.6% during the 1st quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after buying an additional 10,277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CenterPoint Energy by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock valued at $2,525,000 after buying an additional 3,821 shares during the last quarter. Empowered Funds LLC grew its holdings in CenterPoint Energy by 11.5% during the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock valued at $486,000 after buying an additional 1,384 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after purchasing an additional 15,922 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CNP shares. Jefferies Financial Group lifted their price objective on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. dropped their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Evercore set a $45.00 target price on CenterPoint Energy in a research note on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.62.

CenterPoint Energy Stock Performance

CenterPoint Energy stock opened at $42.71 on Friday. The firm has a market capitalization of $27.94 billion, a P/E ratio of 26.20, a PEG ratio of 2.53 and a beta of 0.46. The stock has a fifty day moving average price of $42.69 and a 200 day moving average price of $41.10. CenterPoint Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $44.47. 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 (NYSE:CNP) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates 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. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Announces Dividend

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