Aberdeen Group plc grew its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,528,343 shares of the utilities provider's stock after acquiring an additional 33,606 shares during the quarter. Aberdeen Group plc owned about 0.23% of CenterPoint Energy worth $56,151,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position 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 purchasing an additional 671,868 shares during the last quarter. Northern Trust Corp increased its position in shares of CenterPoint Energy by 0.9% during the 1st 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 increased its position in shares of CenterPoint Energy by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,408,135 shares of the utilities provider's stock worth $195,938,000 after purchasing an additional 42,536 shares during the last quarter. American Century Companies Inc. increased its position in shares of CenterPoint Energy by 50.2% during the 1st 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 position in shares of CenterPoint Energy by 58.4% during 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 purchasing an additional 1,616,181 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.
CenterPoint Energy Stock Performance
Shares of CNP opened at $39.22 on Friday. The stock has a 50-day simple moving average of $38.32 and a 200-day simple moving average of $37.43. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.61 and a current ratio of 0.79. The stock has a market capitalization of $25.61 billion, a PE ratio of 27.43, a PEG ratio of 2.76 and a beta of 0.57. CenterPoint Energy, Inc. has a 1 year low of $28.57 and a 1 year high of $40.50.
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 the consensus estimate of $0.44 by ($0.15). The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.20 billion. CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. During the same quarter in the previous year, the business posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.
CenterPoint Energy Announces Dividend
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 paid 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 (DPR) is presently 61.54%.
Analyst Ratings Changes
CNP has been the subject of a number of recent analyst reports. Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Barclays lifted their target price on CenterPoint Energy from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. Morgan Stanley cut their price target on shares of CenterPoint Energy from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, BMO Capital Markets lifted their price objective on shares of CenterPoint Energy from $39.00 to $41.00 and gave the company a "market perform" rating in a report on Thursday, October 2nd. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $39.68.
Check Out Our Latest Research Report on CNP
About CenterPoint Energy
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. (NYSE:CNP - Free Report).

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