Ilmarinen Mutual Pension Insurance Co Invests $3.83 Million in CenterPoint Energy, Inc. $CNP

Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the utilities provider’s stock, valued at approximately $3,834,000.

Several other hedge funds have also modified their holdings of CNP. New Age Alpha Advisors LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter valued at approximately $25,000. LRI Investments LLC grew its stake in shares of CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of CenterPoint Energy during the third quarter valued at approximately $30,000. Olistico Wealth LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter valued at approximately $41,000. Finally, University of Illinois Foundation bought a new stake in shares of CenterPoint Energy during the third quarter valued at approximately $46,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 price target on shares of CenterPoint Energy in a report on Tuesday, April 21st. Mizuho set a $44.00 price target on CenterPoint Energy in a report on Monday, February 23rd. Jefferies Financial Group raised their price target on CenterPoint Energy from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Truist Financial decreased their price target on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Bank of America raised their price target on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.62.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $42.25 on Friday. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47. The stock has a market cap of $27.64 billion, a PE ratio of 25.92, a PEG ratio of 2.50 and a beta of 0.48. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. The firm’s 50 day moving average price is $42.73 and its two-hundred day moving average price is $41.03.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share (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 the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, analysts forecast that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued 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 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.