DRW Securities LLC Makes New Investment in CenterPoint Energy, Inc. $CNP

Key Points

• DRW Securities LLC has made a new investment in CenterPoint Energy, acquiring 104,034 shares valued at approximately $3.77 million.
• Several institutional investors, including Janney Montgomery Scott LLC and QRG Capital Management Inc., have increased their stakes in CenterPoint Energy during the first quarter.
• CenterPoint Energy recently announced a quarterly dividend of $0.22 per share, yielding 2.3%, with a dividend payout ratio of 61.54%.

DRW Securities LLC purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 104,034 shares of the utilities provider's stock, valued at approximately $3,769,000.

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

CenterPoint Energy Stock Down 0.8%

Shares of NYSE:CNP traded down $0.32 during midday trading on Wednesday, hitting $37.62. 4,851,925 shares of the company's stock were exchanged, compared to its average volume of 4,001,811. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. The stock has a 50 day moving average price of $37.47 and a 200-day moving average price of $36.69. The company has a market cap of $24.56 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.76 and a beta of 0.58. CenterPoint Energy, Inc. has a 12 month low of $26.32 and a 12 month high of $39.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its 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). The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same period in the previous year, the firm earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNP. Mizuho set a $39.00 target price on shares of CenterPoint Energy and gave the company a "neutral" rating in a report on Friday, July 25th. Morgan Stanley set a $38.00 target price on shares of CenterPoint Energy and gave the company an "outperform" rating in a report on Thursday, August 21st. BMO Capital Markets boosted their target price on shares of CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, Barclays lifted their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $37.71.

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.