IFM Investors Pty Ltd Buys 10,065 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• IFM Investors Pty Ltd increased its stake in CenterPoint Energy by 5.8%, acquiring an additional 10,065 shares, bringing its total holdings to 183,862 shares valued at approximately $6.76 million.
• CenterPoint Energy reported a quarterly EPS of $0.29, missing analyst estimates by $0.15, and had a revenue of $1.94 billion compared to projections of $2.20 billion.
• The company declared a quarterly dividend of $0.22, yielding 2.3%, with a payout ratio of 61.54% for its annual dividends.

IFM Investors Pty Ltd raised its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 183,862 shares of the utilities provider's stock after buying an additional 10,065 shares during the quarter. IFM Investors Pty Ltd's holdings in CenterPoint Energy were worth $6,755,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Curat Global LLC acquired a new position in CenterPoint Energy in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in CenterPoint Energy in the first quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of CenterPoint Energy during the 1st quarter worth $27,000. Harbor Investment Advisory LLC boosted its holdings in shares of CenterPoint Energy by 201.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock worth $37,000 after buying an additional 691 shares during the period. Finally, Motco boosted its holdings in shares of CenterPoint Energy by 107.8% during the 1st quarter. Motco now owns 1,039 shares of the utilities provider's stock worth $38,000 after buying an additional 539 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock traded up $0.44 during mid-day trading on Tuesday, reaching $38.61. 1,741,938 shares of the stock were exchanged, compared to its average volume of 5,177,454. The company has a market cap of $25.21 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87. The firm has a 50-day simple moving average of $37.95 and a 200 day simple moving average of $37.09. CenterPoint Energy, Inc. has a fifty-two week low of $28.41 and a fifty-two week high of $39.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced 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). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same quarter last year, the business earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. CenterPoint Energy's dividend payout ratio is currently 61.54%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Mizuho set a $39.00 price objective on shares of CenterPoint Energy and gave the stock a "neutral" rating in a report on Friday, July 25th. Barclays upped their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Morgan Stanley set a $38.00 target price on shares of CenterPoint Energy and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Wall Street Zen cut shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and an average target price of $38.50.

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.