Fox Run Management L.L.C. Reduces Stock Position in CenterPoint Energy, Inc. $CNP

Key Points

• Fox Run Management L.L.C. has significantly reduced its stake in CenterPoint Energy, Inc. by 65.9%, now holding 13,985 shares valued at approximately $507,000.
• Despite the decrease in holdings by some investors, several other firms have increased their stakes, with Private Trust Co. NA raising its position by 21.5% during the same period.
• CenterPoint Energy recently declared a quarterly dividend of $0.22 per share, resulting in an annualized yield of 2.3%, with a payout ratio of 61.54%.

Fox Run Management L.L.C. reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 65.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,985 shares of the utilities provider's stock after selling 26,985 shares during the period. Fox Run Management L.L.C.'s holdings in CenterPoint Energy were worth $507,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its holdings in CenterPoint Energy by 21.5% during the 1st quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider's stock worth $60,000 after purchasing an additional 293 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in CenterPoint Energy by 17.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider's stock worth $73,000 after purchasing an additional 304 shares in the last quarter. Fulton Bank N.A. increased its holdings in CenterPoint Energy by 2.7% during the 1st quarter. Fulton Bank N.A. now owns 13,718 shares of the utilities provider's stock worth $497,000 after purchasing an additional 362 shares in the last quarter. Colonial Trust Co SC increased its holdings in CenterPoint Energy by 9.2% during the 4th quarter. Colonial Trust Co SC now owns 4,601 shares of the utilities provider's stock worth $146,000 after purchasing an additional 388 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft increased its holdings in CenterPoint Energy by 5.5% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider's stock worth $272,000 after purchasing an additional 392 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Performance

CenterPoint Energy stock traded up $0.0340 during trading on Friday, hitting $38.0340. The stock had a trading volume of 5,607,602 shares, compared to its average volume of 5,139,331. CenterPoint Energy, Inc. has a 1 year low of $26.32 and a 1 year high of $39.39. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. The stock's 50 day moving average is $37.21 and its two-hundred day moving average is $36.45. The stock has a market cap of $24.83 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.79 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the previous year, the company posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

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. 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 is presently 61.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CNP shares. Barclays boosted their target price on CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. BMO Capital Markets boosted their target price on CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Morgan Stanley cut their target price on CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, Scotiabank boosted their target price on CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 25th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, CenterPoint Energy currently has an average 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.