Friedenthal Financial Makes New $892,000 Investment in CenterPoint Energy, Inc. $CNP

Friedenthal Financial purchased a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 24,278 shares of the utilities provider's stock, valued at approximately $892,000.

Several other institutional investors also recently added to or reduced their stakes in CNP. N.E.W. Advisory Services LLC acquired a new stake in shares of CenterPoint Energy during the 1st quarter worth approximately $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of CenterPoint Energy during the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of CenterPoint Energy during the 1st quarter worth approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of CenterPoint Energy during the 2nd quarter worth approximately $29,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of CenterPoint Energy during the 2nd quarter worth approximately $33,000. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNP has been the topic of several recent research reports. Barclays lifted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Tuesday. Morgan Stanley decreased their price objective on CenterPoint Energy from $38.00 to $37.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Mizuho lifted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.86.

CenterPoint Energy Trading Down 0.2%

NYSE:CNP opened at $39.40 on Wednesday. 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 1-year low of $28.57 and a 1-year high of $40.50. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.78 and a beta of 0.57. The business's 50-day moving average price is $38.28 and its two-hundred day moving average price is $37.35.

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 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the business posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, November 20th. CenterPoint Energy's dividend payout ratio is 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.

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