US Bancorp DE Lowers Holdings in CenterPoint Energy, Inc. $CNP

US Bancorp DE decreased its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,336 shares of the utilities provider’s stock after selling 5,643 shares during the quarter. US Bancorp DE’s holdings in CenterPoint Energy were worth $2,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNP. Brighton Jones LLC purchased a new stake in CenterPoint Energy in the 4th quarter valued at about $254,000. GAMMA Investing LLC grew its holdings in CenterPoint Energy by 29.3% in the 1st quarter. GAMMA Investing LLC now owns 14,818 shares of the utilities provider’s stock valued at $537,000 after buying an additional 3,359 shares during the period. SG Americas Securities LLC purchased a new stake in CenterPoint Energy in the 1st quarter valued at about $645,000. Wealth Enhancement Advisory Services LLC grew its holdings in CenterPoint Energy by 106.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,108 shares of the utilities provider’s stock valued at $2,685,000 after buying an additional 38,292 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of CenterPoint Energy by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider’s stock worth $2,907,000 after purchasing an additional 6,377 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP opened at $39.87 on Thursday. The business’s 50 day moving average is $38.36 and its two-hundred day moving average is $37.50. CenterPoint Energy, Inc. has a 52-week low of $28.57 and a 52-week high of $40.50. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.78 and a beta of 0.57. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87.

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

CenterPoint Energy Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley decreased their target price on CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Friday, July 18th. BMO Capital Markets boosted their target price on CenterPoint Energy from $39.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, October 2nd. Scotiabank boosted their target price on CenterPoint Energy from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a report on Friday, July 25th. Finally, Barclays boosted their target price on CenterPoint Energy from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.