Board of the Pension Protection Fund Takes Position in CenterPoint Energy, Inc. $CNP

Key Points

• The Pension Protection Fund acquired 25,500 shares of CenterPoint Energy valued at approximately $937,000 during the second quarter.
• CenterPoint Energy reported a loss in quarterly earnings with an EPS of $0.29, missing the consensus estimate by $0.15, and set its FY 2025 guidance at 1.740-1.760 EPS.
• The company declared a $0.22 quarterly dividend to be paid on December 11th, which indicates an annualized dividend yield of 2.2% with a payout ratio of 61.54%.

Board of the Pension Protection Fund acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,500 shares of the utilities provider's stock, valued at approximately $937,000.

Several other institutional investors also recently bought and sold shares of CNP. Private Trust Co. NA boosted its stake in shares of CenterPoint Energy by 21.5% in the first quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider's stock worth $60,000 after acquiring an additional 293 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in CenterPoint Energy by 17.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider's stock worth $73,000 after purchasing an additional 304 shares during the last quarter. Fifth Third Bancorp boosted its stake in CenterPoint Energy by 1.6% during the 2nd quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider's stock worth $778,000 after purchasing an additional 342 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its stake in CenterPoint Energy by 5.5% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider's stock worth $272,000 after purchasing an additional 392 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in CenterPoint Energy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 9,359 shares of the utilities provider's stock worth $339,000 after purchasing an additional 440 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 0.3%

CNP opened at $39.22 on Friday. CenterPoint Energy, Inc. has a one year low of $28.57 and a one year high of $40.50. The business's 50 day moving average price is $38.32 and its 200 day moving average price is $37.43. The stock has a market capitalization of $25.61 billion, a PE ratio of 27.43, a P/E/G ratio of 2.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.61 and a current ratio of 0.79.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate 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 last year, the company earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a $0.22 dividend. 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 is currently 61.54%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Scotiabank boosted 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. UBS Group upped their price target on CenterPoint Energy from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday. Mizuho boosted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 30th. BMO Capital Markets boosted their price objective on CenterPoint Energy from $39.00 to $41.00 and gave the stock a "market perform" rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of CenterPoint Energy in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.68.

About CenterPoint Energy

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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