Eisler Capital Management Ltd. Acquires New Shares in CenterPoint Energy, Inc. $CNP

Key Points

• Eisler Capital Management Ltd. recently purchased 11,369 shares of CenterPoint Energy, valued at approximately $412,000, highlighting increased interest from institutional investors in the utilities provider.
• Several analysts have recently updated their price targets for CenterPoint Energy, with the consensus price target now set at $37.71 and a mix of ratings including six "Buy" and eight "Hold."
• CenterPoint Energy declared a quarterly dividend of $0.22 per share, representing an annualized yield of 2.3%, with the ex-dividend date set for August 21st.

Eisler Capital Management Ltd. bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,369 shares of the utilities provider's stock, valued at approximately $412,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC boosted its stake in shares of CenterPoint Energy by 130.3% in the 1st quarter. Jump Financial LLC now owns 22,976 shares of the utilities provider's stock valued at $832,000 after purchasing an additional 13,000 shares during the last quarter. SVB Wealth LLC acquired a new position in CenterPoint Energy in the first quarter valued at $105,000. Allstate Corp boosted its position in CenterPoint Energy by 8.3% during the first quarter. Allstate Corp now owns 21,031 shares of the utilities provider's stock valued at $762,000 after acquiring an additional 1,609 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in CenterPoint Energy by 1.0% during the 1st quarter. 1832 Asset Management L.P. now owns 49,591 shares of the utilities provider's stock worth $1,797,000 after acquiring an additional 509 shares during the period. Finally, Norinchukin Bank The increased its holdings in CenterPoint Energy by 16.0% in the first quarter. Norinchukin Bank The now owns 35,369 shares of the utilities provider's stock worth $1,281,000 after purchasing an additional 4,867 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

CNP has been the topic of several research analyst reports. BMO Capital Markets increased their target price on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Barclays raised 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. Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, Mizuho set a $39.00 price objective on CenterPoint Energy and gave the company a "neutral" rating in a research note on Friday, July 25th. 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.71.

CenterPoint Energy Stock Performance

Shares of NYSE CNP traded up $0.09 during mid-day trading on Tuesday, reaching $37.80. 2,317,328 shares of the company's stock were exchanged, compared to its average volume of 5,215,699. 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 firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.76 and a beta of 0.58. CenterPoint Energy, Inc. has a 52 week low of $26.32 and a 52 week high of $39.39. The firm has a 50-day moving average price of $37.44 and a two-hundred day moving average price of $36.68.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its 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 company had revenue of $1.94 billion for 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 period in the prior year, the company earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, August 21st. CenterPoint Energy's payout ratio is currently 61.54%.

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.