Federated Hermes Inc. Raises Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

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

Several other institutional investors have also recently made changes to their positions in the company. Curat Global LLC bought a new stake in shares of CenterPoint Energy in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in CenterPoint Energy during the 1st quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new position in CenterPoint Energy during the 1st quarter worth $27,000. Harbor Investment Advisory LLC lifted its position in shares of CenterPoint Energy by 201.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock worth $37,000 after purchasing an additional 691 shares during the period. Finally, Motco raised its holdings in CenterPoint Energy by 107.8% in the first quarter. Motco now owns 1,039 shares of the utilities provider's stock worth $38,000 after purchasing an additional 539 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Up 0.9%

CNP traded up $0.34 during midday trading on Monday, hitting $39.15. 965,713 shares of the company were exchanged, compared to its average volume of 5,349,529. The firm has a market capitalization of $25.56 billion, a P/E ratio of 27.41, a P/E/G ratio of 2.84 and a beta of 0.58. The firm's 50 day moving average price is $36.74 and its 200-day moving average price is $35.85. 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, Inc. has a 1-year low of $25.41 and a 1-year high of $39.34.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly 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). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company posted $0.36 earnings per share. As a group, equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 21st. CenterPoint Energy's dividend payout ratio is 61.54%.

Wall Street Analyst Weigh In

CNP has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of CenterPoint Energy from $37.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley cut their price objective on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Scotiabank lifted 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. Wall Street Zen downgraded 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 stock a "neutral" rating in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.38.

About CenterPoint Energy

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.