Sequoia Financial Advisors LLC Has $357,000 Holdings in CenterPoint Energy, Inc. $CNP

Sequoia Financial Advisors LLC grew its position in CenterPoint Energy, Inc. (NYSE:CNP) by 49.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,724 shares of the utilities provider’s stock after purchasing an additional 3,226 shares during the period. Sequoia Financial Advisors LLC’s holdings in CenterPoint Energy were worth $357,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of CenterPoint Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider’s stock worth $2,900,612,000 after acquiring an additional 671,868 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CenterPoint Energy by 0.9% during the 1st quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider’s stock worth $215,011,000 after acquiring an additional 54,596 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of CenterPoint Energy by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,408,135 shares of the utilities provider’s stock worth $195,938,000 after acquiring an additional 42,536 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of CenterPoint Energy by 50.2% during the 1st quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider’s stock worth $185,434,000 after acquiring an additional 1,709,682 shares in the last quarter. Finally, Reaves W H & Co. Inc. boosted its stake in shares of CenterPoint Energy by 58.4% during the 1st quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider’s stock worth $158,891,000 after acquiring an additional 1,616,181 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $40.03 on Wednesday. CenterPoint Energy, Inc. has a 1-year low of $28.57 and a 1-year high of $40.50. The firm has a market capitalization of $26.13 billion, a PE ratio of 27.99, a PEG ratio of 2.88 and a beta of 0.57. The business’s 50 day moving average is $38.46 and its 200-day moving average is $37.59. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.15). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given 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 (DPR) is 61.54%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CNP shares. 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 research note on Tuesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Wednesday, October 8th. UBS Group raised their target price on CenterPoint Energy from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 10th. Morgan Stanley raised their target price on CenterPoint Energy from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, BMO Capital Markets raised their target price on CenterPoint Energy from $39.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.95.

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.