TD Asset Management Inc Sells 17,385 Shares of CenterPoint Energy, Inc. $CNP

TD Asset Management Inc cut its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 327,999 shares of the utilities provider’s stock after selling 17,385 shares during the period. TD Asset Management Inc owned approximately 0.05% of CenterPoint Energy worth $12,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in CenterPoint Energy during the fourth quarter worth about $25,000. Rothschild Investment LLC lifted its holdings in CenterPoint Energy by 165.0% during the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 457 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in CenterPoint Energy during the third quarter worth about $30,000. Olistico Wealth LLC bought a new position in CenterPoint Energy during the fourth quarter worth about $41,000. Finally, University of Illinois Foundation bought a new position in CenterPoint Energy during the third quarter worth about $46,000. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CNP shares. JPMorgan Chase & Co. reduced their target price on CenterPoint Energy from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. KeyCorp lifted their target price on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Finally, Evercore set a $45.00 price target on CenterPoint Energy in a report on Monday, May 4th. Eight equities 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 an average price target of $44.62.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $41.90 on Tuesday. The firm has a market cap of $27.41 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.53 and a beta of 0.46. The stock’s 50-day moving average is $42.68 and its 200-day moving average is $41.12. CenterPoint Energy, Inc. has a one year low of $35.46 and a one year high of $44.47. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04.

CenterPoint Energy (NYSE:CNP) last issued its quarterly 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 firm had revenue of $2.98 billion during 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 quarter last year, the firm earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share 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. Stockholders of record on Thursday, May 21st will be issued a $0.23 dividend. 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 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.