Versor Investments LP Acquires Shares of 15,300 CenterPoint Energy, Inc. $CNP

Key Points

• Versor Investments LP has acquired 15,300 shares of CenterPoint Energy, Inc., valued at approximately $554,000.
• CenterPoint Energy missed its quarterly earnings estimate, reporting $0.29 EPS against a consensus of $0.44 EPS.
• The company has declared a quarterly dividend of $0.22 per share, representing a 2.3% dividend yield.

Versor Investments LP purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,300 shares of the utilities provider's stock, valued at approximately $554,000.

Several other hedge funds also recently modified their holdings of the business. Curat Global LLC acquired a new stake in shares of CenterPoint Energy in the first quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new stake in CenterPoint Energy during the first quarter valued at about $25,000. Smallwood Wealth Investment Management LLC bought a new stake in CenterPoint Energy during the first quarter valued at about $27,000. CoreCap Advisors LLC boosted its holdings in CenterPoint Energy by 58.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 400 shares during the period. Finally, Harbor Investment Advisory LLC boosted its holdings in CenterPoint Energy by 201.5% during the first quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 691 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analyst Weigh In

CNP has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Scotiabank raised their price target on shares of CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Evercore ISI increased their price objective on CenterPoint Energy from $37.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $37.38.

CenterPoint Energy Trading Up 0.1%

NYSE:CNP traded up $0.0340 during trading hours on Friday, hitting $38.0340. 5,607,602 shares of the stock were exchanged, compared to its average volume of 5,139,331. The company's 50 day moving average is $37.21 and its two-hundred day moving average is $36.42. CenterPoint Energy, Inc. has a twelve month low of $26.32 and a twelve month high of $39.39. 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 company has a market capitalization of $24.83 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted 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). 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 prior year, the company posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. CenterPoint Energy's dividend payout ratio (DPR) is presently 61.54%.

CenterPoint Energy Company 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.