CenterPoint Energy, Inc. (NYSE:CNP) Holdings Lifted by Aberdeen Group plc

Key Points

• Aberdeen Group plc has increased its stake in CenterPoint Energy by 30.7%, now holding approximately 1.49 million shares worth $54.4 million.
• In its latest quarterly earnings, CenterPoint reported a loss of $0.15 EPS compared to expectations, with revenue falling short of estimates at $1.94 billion versus $2.20 billion.
• The company declared a quarterly dividend of $0.22, resulting in an annualized yield of 2.3%, to be paid on September 11th.

Aberdeen Group plc grew its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 30.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,494,737 shares of the utilities provider's stock after purchasing an additional 350,740 shares during the period. Aberdeen Group plc owned approximately 0.23% of CenterPoint Energy worth $54,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of CenterPoint Energy by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider's stock worth $2,907,000 after acquiring an additional 6,377 shares during the period. QRG Capital Management Inc. lifted its stake in shares of CenterPoint Energy by 8.8% in the 1st quarter. QRG Capital Management Inc. now owns 19,913 shares of the utilities provider's stock worth $721,000 after acquiring an additional 1,615 shares during the period. Principal Financial Group Inc. lifted its stake in shares of CenterPoint Energy by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 864,175 shares of the utilities provider's stock worth $31,309,000 after acquiring an additional 26,153 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of CenterPoint Energy by 32.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,314,131 shares of the utilities provider's stock worth $73,427,000 after acquiring an additional 569,389 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of CenterPoint Energy by 5.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 166,743 shares of the utilities provider's stock worth $6,041,000 after acquiring an additional 8,914 shares during the period. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Down 1.0%

CNP opened at $38.05 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $24.84 billion, a PE ratio of 26.61, a PEG ratio of 2.81 and a beta of 0.58. CenterPoint Energy, Inc. has a 1-year low of $25.65 and a 1-year high of $39.39. The firm has a 50-day moving average price of $37.03 and a two-hundred day moving average price of $36.23.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CNP. Mizuho set a $39.00 price target on shares of CenterPoint Energy and gave the stock a "neutral" rating in a research note on Friday, July 25th. BMO Capital Markets increased their target price on shares of CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Evercore ISI increased their target price on shares of CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen lowered shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, Scotiabank increased their target price on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $37.38.

About CenterPoint Energy

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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