Ameritas Advisory Services LLC Makes New $33,000 Investment in CenterPoint Energy, Inc. $CNP

Ameritas Advisory Services LLC bought a new position in CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 894 shares of the utilities provider’s stock, valued at approximately $33,000.

Several other hedge funds have also recently modified their holdings of the business. Private Trust Co. NA raised its stake in shares of CenterPoint Energy by 21.5% in the first quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 293 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of CenterPoint Energy by 17.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 304 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of CenterPoint Energy by 1.6% in the second quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider’s stock worth $778,000 after purchasing an additional 342 shares during the last quarter. Baader Bank Aktiengesellschaft raised its stake in shares of CenterPoint Energy by 5.5% in the first quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 392 shares during the last quarter. Finally, Horizon Investments LLC raised its stake in shares of CenterPoint Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 9,359 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CNP has been the subject of several recent analyst reports. Evercore ISI initiated coverage on CenterPoint Energy in a research note on Monday, October 6th. They issued an “in-line” rating and a $42.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. UBS Group upped their price objective on CenterPoint Energy from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday. Finally, Mizuho upped their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.68.

CenterPoint Energy Stock Performance

Shares of CNP opened at $39.49 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. The business has a 50-day simple moving average of $38.33 and a two-hundred day simple moving average of $37.48. The stock has a market cap of $25.78 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.76 and a beta of 0.57. CenterPoint Energy, Inc. has a 52 week low of $28.57 and a 52 week high of $40.50.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same quarter in the previous year, the company earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy’s dividend payout ratio is 61.54%.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.