BROOKFIELD Corp ON Sells 269,539 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• BROOKFIELD Corp ON reduced its stake in CenterPoint Energy, Inc. by 5.2%, selling 269,539 shares, and now holds 4,910,100 shares worth approximately $177.9 million.
• CenterPoint Energy reported a miss in earnings with $0.29 EPS, falling short of estimates by $0.15 and generating $1.94 billion in revenue compared to the expected $2.20 billion.
• The company has announced a quarterly dividend of $0.22 per share, representing a 2.3% yield with a payout ratio of 61.54%.

BROOKFIELD Corp ON reduced its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,910,100 shares of the utilities provider's stock after selling 269,539 shares during the quarter. CenterPoint Energy comprises 1.0% of BROOKFIELD Corp ON's holdings, making the stock its 16th largest position. BROOKFIELD Corp ON owned 0.75% of CenterPoint Energy worth $177,893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Private Trust Co. NA raised its holdings in CenterPoint Energy by 21.5% in the 1st quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 293 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in CenterPoint Energy by 17.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 304 shares during the period. Fulton Bank N.A. raised its stake in CenterPoint Energy by 2.7% in the 1st quarter. Fulton Bank N.A. now owns 13,718 shares of the utilities provider's stock worth $497,000 after purchasing an additional 362 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in CenterPoint Energy by 5.5% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider's stock valued at $272,000 after purchasing an additional 392 shares during the period. Finally, CoreCap Advisors LLC grew its position in shares of CenterPoint Energy by 58.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock worth $34,000 after purchasing an additional 400 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Trading Up 1.2%

Shares of CenterPoint Energy stock opened at $38.26 on Friday. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.77 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. CenterPoint Energy, Inc. has a 12-month low of $26.32 and a 12-month high of $39.39. The firm's 50-day moving average price is $37.66 and its two-hundred day moving average price is $36.86.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.88 annualized dividend and a yield of 2.3%. CenterPoint Energy's payout ratio is presently 61.54%.

Analyst Ratings Changes

CNP has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Scotiabank increased their target price 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. BMO Capital Markets increased their target price on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, Barclays increased their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and an average target price of $38.50.

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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