Callan Family Office LLC purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 32,663 shares of the utilities provider's stock, valued at approximately $1,438,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Laidlaw Wealth Management LLC purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $511,000. Keating Financial Advisory Services Inc. purchased a new stake in CenterPoint Energy in the second quarter worth $27,000. Allworth Financial LP purchased a new stake in CenterPoint Energy in the second quarter worth $336,000. B. Metzler seel. Sohn & Co. AG bought a new stake in CenterPoint Energy in the second quarter valued at $2,497,000. Finally, Kayne Anderson Capital Advisors LP bought a new stake in CenterPoint Energy in the second quarter valued at $56,492,000. Hedge funds and other institutional investors own 91.77% of the company's stock.
CenterPoint Energy Price Performance
NYSE CNP opened at $38.81 on Monday. The company has a 50-day moving average price of $42.69 and a 200-day moving average price of $42.63. CenterPoint Energy, Inc. has a 52 week low of $36.60 and a 52 week high of $45.26. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $25.56 billion, a P/E ratio of 22.83, a PEG ratio of 2.30 and a beta of 0.46.
CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter last year, the firm posted $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.
CenterPoint Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. CenterPoint Energy's dividend payout ratio is 56.47%.
Analyst Ratings Changes
Several brokerages have commented on CNP. BTIG Research initiated coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. increased their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Morgan Stanley cut their target price on shares of CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday. Weiss Ratings reiterated a "buy (b)" rating on shares of CenterPoint Energy in a research note on Monday, June 15th. Finally, BMO Capital Markets decreased their target price on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.36.
View Our Latest Research Report on CNP
About CenterPoint Energy
(
Free Report)
CenterPoint Energy, Inc NYSE: CNP is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company's principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.
CenterPoint's core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.
See Also
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