AMF Tjanstepension AB Buys Shares of 348,967 CenterPoint Energy, Inc. $CNP

Key Points

• AMF Tjanstepension AB has acquired 348,967 shares of CenterPoint Energy, valued at approximately $12.8 million, representing about 0.05% ownership in the company.
• Analysts have shown mixed opinions on CenterPoint Energy, with target price upgrades from Scotiabank and Barclays, while Wall Street Zen downgraded the stock from "hold" to "sell".
• CenterPoint Energy has announced a quarterly dividend of $0.22 per share, payable on December 11th, reflecting an annualized yield of 2.3%.

AMF Tjanstepension AB bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 348,967 shares of the utilities provider's stock, valued at approximately $12,827,000. AMF Tjanstepension AB owned approximately 0.05% of CenterPoint Energy as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Curat Global LLC acquired a new stake in shares of CenterPoint Energy in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of CenterPoint Energy in the 1st quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of CenterPoint Energy in the 1st quarter valued at $27,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank raised their target price on CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a report on Friday, July 25th. Barclays increased their price target on CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Wall Street Zen cut CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. BMO Capital Markets increased their price target on CenterPoint Energy from $39.00 to $41.00 and gave the company a "market perform" rating in a research note on Thursday. Finally, Morgan Stanley dropped their price target on CenterPoint Energy from $38.00 to $37.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, CenterPoint Energy has a consensus rating of "Hold" and an average target price of $38.68.

CenterPoint Energy Stock Up 1.4%

Shares of CNP opened at $38.82 on Friday. The stock's 50-day moving average price is $38.22 and its two-hundred day moving average price is $37.29. CenterPoint Energy, Inc. has a 12 month low of $28.57 and a 12 month high of $40.50. The company has a market capitalization of $25.35 billion, a PE ratio of 27.15, a PEG ratio of 2.70 and a beta of 0.57. 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 released its quarterly 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). CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the firm posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently declared 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 2.3%. The ex-dividend date is Thursday, November 20th. CenterPoint Energy's payout ratio is 61.54%.

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.

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