CenterPoint Energy, Inc. $CNP Shares Sold by Credit Agricole S A

Key Points

• Credit Agricole S A reduced its stake in CenterPoint Energy by 85.5%, selling 147,022 shares and leaving them with a total of 24,916 shares worth $903,000 as per their latest SEC filing.
• CenterPoint Energy reported a missed earnings estimate for the last quarter, posting $0.29 EPS compared to the expected $0.44, along with a revenue of $1.94 billion versus a projected $2.20 billion.
• The company declared a quarterly dividend of $0.22 per share, set to be paid on September 11th, which reflects an annualized dividend yield of 2.3%.

Credit Agricole S A reduced its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 85.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,916 shares of the utilities provider's stock after selling 147,022 shares during the quarter. Credit Agricole S A's holdings in CenterPoint Energy were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in CenterPoint Energy by 0.8% in the first quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider's stock valued at $2,900,612,000 after purchasing an additional 671,868 shares during the last quarter. Northern Trust Corp increased its stake in CenterPoint Energy by 0.9% in the first quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider's stock valued at $215,011,000 after purchasing an additional 54,596 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in CenterPoint Energy in the fourth quarter valued at $164,350,000. American Century Companies Inc. increased its stake in CenterPoint Energy by 50.2% in the first quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider's stock valued at $185,434,000 after purchasing an additional 1,709,682 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in CenterPoint Energy by 58.4% in the first quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider's stock valued at $158,891,000 after purchasing an additional 1,616,181 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $38.0340 on Monday. CenterPoint Energy, Inc. has a 1-year low of $26.32 and a 1-year high of $39.39. The business has a 50-day moving average of $37.21 and a 200-day moving average of $36.48. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. The company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.79 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 the consensus estimate of $0.44 by ($0.15). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the previous year, the company earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

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

Wall Street Analyst Weigh In

CNP has been the subject of several analyst reports. Barclays upped their target price on CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Morgan Stanley lowered their price target on CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Mizuho set a $39.00 price target on CenterPoint Energy and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, Evercore ISI boosted their price target on CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. 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, the stock presently has an average rating of "Hold" and a consensus price target of $37.38.

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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