CenterPoint Energy, Inc. $CNP Shares Bought by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in CenterPoint Energy, owning 2,518,660 shares after acquiring 65,277 additional shares, representing 1.7% of its total holdings.
• CenterPoint Energy missed analysts' EPS estimates for the last quarter, reporting $0.29, significantly lower than the anticipated $0.44.
• The company announced a quarterly dividend of $0.22, reflecting a 2.3% dividend yield, to be paid on September 11th to stockholders of record as of August 21st.

Energy Income Partners LLC grew its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,518,660 shares of the utilities provider's stock after acquiring an additional 65,277 shares during the quarter. CenterPoint Energy accounts for 1.7% of Energy Income Partners LLC's portfolio, making the stock its 17th biggest holding. Energy Income Partners LLC owned approximately 0.39% of CenterPoint Energy worth $91,251,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Curat Global LLC purchased a new position in shares of CenterPoint Energy in the first quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in CenterPoint Energy during the first quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in CenterPoint Energy during the first quarter valued at $27,000. CoreCap Advisors LLC lifted its position in CenterPoint Energy by 58.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 400 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of CenterPoint Energy by 201.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock valued at $37,000 after buying an additional 691 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNP has been the topic of several recent research reports. Scotiabank upped 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 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 research report on Thursday, August 21st. Barclays upped their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Wall Street Zen cut shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, Mizuho set a $39.00 target price on shares of CenterPoint Energy and gave the company a "neutral" rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $37.71.

CenterPoint Energy Trading Down 0.8%

Shares of CenterPoint Energy stock traded down $0.32 on Wednesday, hitting $37.62. 4,851,925 shares of the company traded hands, compared to its average volume of 4,001,811. The company has a market cap of $24.56 billion, a PE ratio of 26.31, a PEG ratio of 2.76 and a beta of 0.58. The stock's 50 day moving average price is $37.47 and its 200-day moving average price is $36.69. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87. CenterPoint Energy, Inc. has a 52 week low of $26.32 and a 52 week high of $39.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.94 billion for the quarter, compared to analysts' expectations 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 previous year, the business earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

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