Fox Run Management L.L.C. cut its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 65.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,985 shares of the utilities provider's stock after selling 26,985 shares during the quarter. Fox Run Management L.L.C.'s holdings in CenterPoint Energy were worth $507,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Curat Global LLC bought a new position in CenterPoint Energy in the first quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new stake in CenterPoint Energy during the 1st quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of CenterPoint Energy during the 1st quarter worth approximately $27,000. CoreCap Advisors LLC raised its position in shares of CenterPoint Energy by 58.9% in the 4th quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock worth $34,000 after acquiring an additional 400 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised 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 acquiring an additional 691 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.
CenterPoint Energy Stock Up 0.1%
CenterPoint Energy stock traded up $0.0450 during mid-day trading on Friday, reaching $38.0450. The stock had a trading volume of 4,087,492 shares, compared to its average volume of 5,251,722. CenterPoint Energy, Inc. has a one year low of $26.32 and a one year high of $39.39. The company has a 50-day moving average price of $37.18 and a two-hundred day moving average price of $36.38. The company has a market capitalization of $24.84 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.82 and a beta of 0.58. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61.
CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same period last year, the firm posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.
CenterPoint Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 2.3%. CenterPoint Energy's payout ratio is currently 61.54%.
Analysts Set New Price Targets
CNP has been the topic of several research reports. Morgan Stanley dropped their price target on CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Mizuho set a $39.00 price objective on CenterPoint Energy and gave the company a "neutral" 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. Barclays increased their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Scotiabank lifted their price target 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. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $37.38.
Check Out Our Latest Stock Analysis on CenterPoint Energy
CenterPoint Energy Company Profile
(
Free Report)
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.
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