CenterPoint Energy, Inc. (NYSE:CNP) Position Boosted by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,146,484 shares of the utilities provider's stock after buying an additional 46,872 shares during the period. Federated Hermes Inc. owned approximately 0.18% of CenterPoint Energy worth $41,537,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays boosted their price target on CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Mizuho set a $39.00 price target on CenterPoint Energy and gave the stock a "neutral" rating in a research note on Friday, July 25th. Evercore ISI boosted their price target on CenterPoint Energy from $37.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Scotiabank upped their price objective on CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $37.38.

CenterPoint Energy Stock Performance

Shares of NYSE:CNP traded down $0.01 during trading on Friday, hitting $38.81. 5,174,845 shares of the company traded hands, compared to its average volume of 5,714,162. The stock has a market capitalization of $25.34 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.84 and a beta of 0.58. The business's fifty day moving average is $36.74 and its 200-day moving average is $35.81. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $39.31. 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 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 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 last year, the company posted $0.36 earnings per share. As a group, equities analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy's dividend 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.