Cibc World Market Inc. Purchases Shares of 50,000 CenterPoint Energy, Inc. $CNP

by · The Markets Daily

Cibc World Market Inc. purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 50,000 shares of the utilities provider’s stock, valued at approximately $1,917,000.

Several other institutional investors and hedge funds also recently modified their holdings of CNP. New Age Alpha Advisors LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $25,000. Rothschild Investment LLC grew its holdings in CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after buying an additional 457 shares during the last quarter. Olistico Wealth LLC purchased a new position in CenterPoint Energy during the fourth quarter worth $41,000. University of Illinois Foundation acquired a new position in shares of CenterPoint Energy in the third quarter worth $46,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of CenterPoint Energy by 66.7% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,250 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP opened at $42.41 on Wednesday. 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 company has a market capitalization of $27.75 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.48 and a beta of 0.46. The company’s 50 day simple moving average is $42.68 and its 200 day simple moving average is $41.14. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47.

CenterPoint Energy (NYSE:CNP – Get Free Report) last announced 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 firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on CNP. Wells Fargo & Company reaffirmed an “overweight” rating and set a $48.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Evercore set a $45.00 price objective on CenterPoint Energy in a research note on Monday, May 4th. Barclays increased 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. Finally, Mizuho set a $44.00 price objective on CenterPoint Energy in a research note on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.62.

Check Out Our Latest Report on CNP

About CenterPoint Energy

(Free Report)

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.

See Also

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