CenterPoint Energy, Inc. $CNP Shares Sold by V Square Quantitative Management LLC

Key Points

• V Square Quantitative Management LLC has significantly reduced its stake in CenterPoint Energy by 59.5%, resulting in ownership of 9,449 shares valued at approximately $347,000.
• CenterPoint Energy recently reported a quarterly earnings miss with $0.29 earnings per share, falling short of expectations of $0.44, and generated a revenue of $1.94 billion compared to forecasted $2.20 billion.
• The company announced a quarterly dividend of $0.22 per share, offering an annualized yield of 2.3%, with the payout scheduled for December 11th.

V Square Quantitative Management LLC cut its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 59.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,449 shares of the utilities provider's stock after selling 13,879 shares during the quarter. V Square Quantitative Management LLC's holdings in CenterPoint Energy were worth $347,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA raised its stake 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 purchasing an additional 293 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew 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 buying an additional 304 shares in the last quarter. Fifth Third Bancorp grew its holdings in CenterPoint Energy by 1.6% in the 2nd quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider's stock valued at $778,000 after buying an additional 342 shares in the last quarter. Fulton Bank N.A. grew its holdings 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 valued at $497,000 after buying an additional 362 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew 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 buying an additional 392 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CNP shares. BMO Capital Markets upped their target price on CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Scotiabank upped their target price on CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a report on Friday, July 25th. Wall Street Zen cut CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Mizuho upped their target price on CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Barclays upped their target price on CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $38.50.

CenterPoint Energy Stock Performance

NYSE CNP opened at $38.19 on Thursday. The stock has a market cap of $24.93 billion, a PE ratio of 26.70, a P/E/G ratio of 2.83 and a beta of 0.57. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87. CenterPoint Energy, Inc. has a twelve month low of $28.57 and a twelve month high of $40.50. The stock has a fifty day simple moving average of $38.20 and a 200-day simple moving average of $37.25.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly 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). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, November 20th. CenterPoint Energy's dividend payout ratio (DPR) is 61.54%.

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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