Dimensional Fund Advisors LP Sells 7,910 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Dimensional Fund Advisors LP reduced its stake in CenterPoint Energy by 0.3%, holding approximately 3.1 million shares valued at $112.45 million.
• CenterPoint Energy reported $0.29 earnings per share, missing analyst estimates of $0.44, and set its FY 2025 guidance at 1.740-1.760 EPS.
• The company announced a quarterly dividend of $0.22 per share, representing an annualized dividend yield of 2.3% with a payout ratio of 61.54%.

Dimensional Fund Advisors LP lessened its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,103,867 shares of the utilities provider's stock after selling 7,910 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.48% of CenterPoint Energy worth $112,452,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of CenterPoint Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider's stock worth $2,900,612,000 after purchasing an additional 671,868 shares during the last quarter. Northern Trust Corp increased its position in shares of CenterPoint Energy by 7.9% during the 4th quarter. Northern Trust Corp now owns 5,880,015 shares of the utilities provider's stock worth $186,573,000 after purchasing an additional 431,260 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $164,350,000. Reaves W H & Co. Inc. increased its position in shares of CenterPoint Energy by 58.4% during the 1st quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider's stock worth $158,891,000 after purchasing an additional 1,616,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CenterPoint Energy by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,171,092 shares of the utilities provider's stock worth $151,119,000 after purchasing an additional 54,506 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNP. Scotiabank boosted their price target on CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 25th. Morgan Stanley set a $38.00 price target on CenterPoint Energy and gave the stock an "outperform" rating in a research report on Thursday, August 21st. BMO Capital Markets boosted their price target on CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Barclays boosted their target price on CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, Mizuho set a $39.00 target price on CenterPoint Energy and gave the stock a "neutral" rating in a report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $37.71.

CenterPoint Energy Stock Performance

CNP traded down $0.01 during trading on Wednesday, hitting $37.70. The stock had a trading volume of 1,334,378 shares, compared to its average volume of 5,233,274. The company has a 50 day moving average price of $37.29 and a 200-day moving average price of $36.52. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.76 and a beta of 0.58. CenterPoint Energy, Inc. has a one year low of $26.32 and a one year high of $39.39. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61.

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 (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.15). The firm 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 last year, the firm earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

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