CenterPoint Energy, Inc. $CNP Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,218 shares of the utilities provider’s stock after selling 1,740 shares during the period. Vontobel Holding Ltd.’s holdings in CenterPoint Energy were worth $302,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in CenterPoint Energy by 21.5% during the first quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 293 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of CenterPoint Energy by 17.8% during the 1st 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 in the last quarter. Fifth Third Bancorp lifted 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 valued at $778,000 after purchasing an additional 342 shares during the period. Baader Bank Aktiengesellschaft lifted 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 valued at $272,000 after purchasing an additional 392 shares during the period. Finally, Horizon Investments LLC lifted 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 valued at $339,000 after purchasing an additional 440 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $39.87 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. The stock has a market capitalization of $26.03 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.78 and a beta of 0.57. The firm’s 50-day moving average is $38.36 and its two-hundred day moving average is $37.50. CenterPoint Energy, Inc. has a 12-month low of $28.57 and a 12-month high of $40.50.

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

CenterPoint Energy Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on CNP. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. UBS Group boosted their target price on CenterPoint Energy from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Barclays boosted their target price on CenterPoint Energy from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, BMO Capital Markets lifted their price target on CenterPoint Energy from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, October 2nd. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.45.

CenterPoint Energy Profile

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.