Federation des caisses Desjardins du Quebec Grows Stake in CenterPoint Energy, Inc. $CNP

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in CenterPoint Energy by 18.7%, holding 159,429 shares valued at approximately $5.78 million as of the latest SEC filing.
• CenterPoint Energy reported $0.29 earnings per share for the last quarter, falling short of the consensus estimate of $0.44, with total revenue of $1.94 billion against an expectation of $2.20 billion.
• The company announced a quarterly dividend of $0.22 per share, reflecting a 2.3% dividend yield and implying a payout ratio of 61.54%.

Federation des caisses Desjardins du Quebec lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,429 shares of the utilities provider's stock after purchasing an additional 25,106 shares during the period. Federation des caisses Desjardins du Quebec's holdings in CenterPoint Energy were worth $5,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Curat Global LLC acquired a new position in CenterPoint Energy during the first quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of CenterPoint Energy during the 1st quarter worth about $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of CenterPoint Energy in the first quarter worth approximately $27,000. Harbor Investment Advisory LLC lifted its stake in CenterPoint Energy by 201.5% in the first quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 691 shares during the last quarter. Finally, Motco increased its position in shares of CenterPoint Energy by 107.8% during the 1st quarter. Motco now owns 1,039 shares of the utilities provider's stock worth $38,000 after purchasing an additional 539 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

CNP has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. BMO Capital Markets boosted their price objective on CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Mizuho set a $39.00 target price on CenterPoint Energy and gave the stock a "neutral" rating in a research note on Friday, July 25th. Morgan Stanley set a $38.00 price target on CenterPoint Energy and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $37.71.

CenterPoint Energy Stock Down 1.3%

Shares of NYSE CNP traded down $0.48 during trading on Monday, reaching $37.31. 3,954,607 shares of the stock were exchanged, compared to its average volume of 5,236,429. 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 twelve month low of $26.32 and a twelve month high of $39.39. The business's 50-day moving average price is $37.54 and its 200 day moving average price is $36.79. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.77 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). The business had revenue of $1.94 billion during the quarter, compared to analyst estimates 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 prior 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 analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 21st. CenterPoint Energy's dividend payout ratio (DPR) is presently 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.