Pacer Advisors Inc. Has $3.08 Million Position in CenterPoint Energy, Inc. $CNP

Pacer Advisors Inc. boosted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,200 shares of the utilities provider’s stock after buying an additional 17,786 shares during the period. Pacer Advisors Inc.’s holdings in CenterPoint Energy were worth $3,075,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter worth about $25,000. Rothschild Investment LLC boosted its stake 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 purchasing an additional 457 shares during the last quarter. DV Equities LLC acquired a new position in CenterPoint Energy during the 4th quarter valued at about $35,000. Olistico Wealth LLC bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $41,000. Finally, University of Illinois Foundation bought a new stake in CenterPoint Energy during the 3rd quarter worth approximately $46,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of CenterPoint Energy in a report on Monday, June 15th. Jefferies Financial Group set a $50.00 price objective on shares of CenterPoint Energy in a report on Thursday, June 18th. KeyCorp upped their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $48.00 target price on shares of CenterPoint Energy in a report on Tuesday, April 21st. Finally, Evercore set a $45.00 price target on shares of CenterPoint Energy in a research report on Monday, May 4th. Eight 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 company currently has a consensus rating of “Hold” and an average price target of $44.69.

CenterPoint Energy Stock Up 1.0%

Shares of NYSE:CNP opened at $43.54 on Wednesday. The company has a market capitalization of $28.48 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.46. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04. The business has a fifty day moving average price of $42.57 and a two-hundred day moving average price of $41.39. CenterPoint Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $44.47.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 10.56% and a net margin of 11.38%.During the same quarter in the previous year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts forecast that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.92 annualized dividend and a yield of 2.1%. CenterPoint Energy’s payout ratio is currently 56.44%.

About CenterPoint Energy

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.