47,188 Shares in CenterPoint Energy, Inc. $CNP Bought by American National Bank & Trust

Key Points

• American National Bank & Trust acquired 47,188 shares of CenterPoint Energy, Inc. valued at approximately $1.73 million, indicating growing interest in the utilities sector.
• CenterPoint Energy's recent earnings report showed an EPS of $0.29, missing the consensus estimate of $0.44, with revenue also falling short at $1.94 billion.
• The company announced a quarterly dividend of $0.22 per share, yielding 2.3%, with an expected dividend payout ratio of 61.54%.

American National Bank & Trust acquired a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 47,188 shares of the utilities provider's stock, valued at approximately $1,734,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted 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 during the last quarter. Northern Trust Corp lifted its position in shares of CenterPoint Energy by 0.9% during the first quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider's stock worth $215,011,000 after purchasing an additional 54,596 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of CenterPoint Energy by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,408,135 shares of the utilities provider's stock valued at $195,938,000 after purchasing an additional 42,536 shares during the period. American Century Companies Inc. grew its holdings in shares of CenterPoint Energy by 50.2% in the first quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider's stock worth $185,434,000 after purchasing an additional 1,709,682 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in CenterPoint Energy by 58.4% in 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 buying an additional 1,616,181 shares during the period. Institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CNP shares. Mizuho set a $39.00 price objective on shares of CenterPoint Energy and gave the company a "neutral" rating in a research report on Friday, July 25th. Scotiabank increased their price objective on CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 25th. 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 research report on Thursday. JPMorgan Chase & Co. increased their price target on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, CenterPoint Energy presently has an average rating of "Hold" and a consensus target price of $38.41.

CenterPoint Energy Trading Down 1.9%

CNP opened at $38.26 on Friday. CenterPoint Energy, Inc. has a 12 month low of $28.57 and a 12 month high of $39.39. The stock has a fifty day moving average price of $38.09 and a 200-day moving average price of $37.15. The firm has a market cap of $24.98 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.85 and a beta of 0.58. 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 - Get Free Report) last announced its 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.3%. CenterPoint Energy's dividend payout ratio (DPR) is 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.

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