Czech National Bank Has $5.86 Million Stock Holdings in CenterPoint Energy, Inc. $CNP

Key Points

• The **Czech National Bank** increased its stake in **CenterPoint Energy** by **6.6%**, bringing its total holdings to **159,549 shares** valued at approximately **$5.86 million**.

Czech National Bank increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,549 shares of the utilities provider's stock after buying an additional 9,859 shares during the quarter. Czech National Bank's holdings in CenterPoint Energy were worth $5,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CNP. Brighton Jones LLC purchased a new position in shares of CenterPoint Energy during the fourth quarter valued at $254,000. Focus Partners Wealth purchased a new position in shares of CenterPoint Energy during the fourth quarter valued at $272,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CenterPoint Energy by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,862 shares of the utilities provider's stock valued at $2,090,000 after buying an additional 2,990 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of CenterPoint Energy by 48.0% during the fourth quarter. Quantinno Capital Management LP now owns 27,332 shares of the utilities provider's stock valued at $867,000 after buying an additional 8,864 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in CenterPoint Energy by 17.5% in the fourth quarter. Vident Advisory LLC now owns 17,811 shares of the utilities provider's stock valued at $565,000 after purchasing an additional 2,658 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

CenterPoint Energy Stock Performance

CenterPoint Energy stock traded up $0.05 during trading hours on Monday, hitting $38.07. The stock had a trading volume of 614,869 shares, compared to its average volume of 5,177,205. CenterPoint Energy, Inc. has a fifty-two week low of $28.30 and a fifty-two week high of $39.39. The company has a market cap of $24.85 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58. The company has a 50-day moving average of $37.91 and a two-hundred day moving average of $37.07. 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 (NYSE:CNP - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays boosted 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. JPMorgan Chase & Co. boosted their target price on CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. BMO Capital Markets boosted their target price 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 company a "neutral" rating in a research note on Friday, July 25th. Finally, Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, CenterPoint Energy currently has an average rating of "Hold" and an average target price of $38.50.

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.