CenterPoint Energy, Inc. $CNP Stake Lessened by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in CenterPoint Energy, Inc. by 18.7% during Q1, selling 40,080 shares, leaving them with 173,797 shares valued at approximately $6.3 million.
• CenterPoint Energy's earnings report showed an EPS of $0.29 for the last quarter, falling short of the $0.44 anticipated by analysts, alongside a revenue of $1.94 billion against an expected $2.20 billion.
• The company announced a quarterly dividend of $0.22 per share, to be paid on September 11, adding to an annualized dividend of $0.88 with a yield of 2.3%.

IFM Investors Pty Ltd lessened its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 18.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 173,797 shares of the utilities provider's stock after selling 40,080 shares during the period. IFM Investors Pty Ltd's holdings in CenterPoint Energy were worth $6,297,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CNP. Focus Partners Wealth increased its holdings in CenterPoint Energy by 12.3% during the 1st quarter. Focus Partners Wealth now owns 9,615 shares of the utilities provider's stock valued at $348,000 after acquiring an additional 1,053 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CenterPoint Energy by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,842,307 shares of the utilities provider's stock valued at $139,207,000 after acquiring an additional 352,425 shares in the last quarter. Woodline Partners LP increased its holdings in CenterPoint Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider's stock valued at $1,995,000 after acquiring an additional 15,922 shares in the last quarter. Yaupon Capital Management LP purchased a new position in CenterPoint Energy during the 1st quarter valued at about $25,541,000. Finally, Zurich Insurance Group Ltd FI purchased a new position in CenterPoint Energy during the 1st quarter valued at about $22,244,000. Institutional investors and hedge funds own 91.77% of the company's stock.

CenterPoint Energy Trading Up 0.1%

Shares of CNP traded up $0.04 during mid-day trading on Friday, hitting $38.28. The company had a trading volume of 4,280,833 shares, compared to its average volume of 4,350,758. The business's 50-day simple moving average is $37.71 and its 200-day simple moving average is $36.90. 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 1-year low of $26.32 and a 1-year high of $39.39. The stock has a market cap of $24.99 billion, a PE ratio of 26.77, a P/E/G ratio of 2.80 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced 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). The business had revenue of $1.94 billion for 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 period last year, the firm earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, August 21st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, August 21st. CenterPoint Energy's payout ratio is 61.54%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $38.00 price target on shares of CenterPoint Energy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Mizuho set a $39.00 price target on shares of CenterPoint Energy and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Barclays lifted their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $38.50.

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.