International Assets Investment Management LLC Invests $1.34 Million in CenterPoint Energy, Inc. $CNP

Key Points

• International Assets Investment Management LLC invested approximately $1.34 million in CenterPoint Energy, acquiring 36,455 shares during the second quarter.
• CenterPoint Energy's quarterly earnings report revealed an EPS of $0.29, which missed the estimate of $0.44
• The company declared a quarterly dividend of $0.22 per share, with an annualized yield of 2.2%, pay date set for December 11th.

International Assets Investment Management LLC purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,455 shares of the utilities provider's stock, valued at approximately $1,339,000.

A number of other large investors have also modified their holdings of CNP. Brighton Jones LLC purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth about $254,000. GAMMA Investing LLC lifted its holdings in shares of CenterPoint Energy by 29.3% during the first quarter. GAMMA Investing LLC now owns 14,818 shares of the utilities provider's stock worth $537,000 after purchasing an additional 3,359 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CenterPoint Energy during the first quarter worth about $645,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of CenterPoint Energy by 106.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,108 shares of the utilities provider's stock worth $2,685,000 after purchasing an additional 38,292 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of CenterPoint Energy by 8.6% during the first quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider's stock worth $2,907,000 after purchasing an additional 6,377 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Scotiabank lifted their target price on CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a report on Friday, July 25th. Wall Street Zen lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Evercore ISI assumed coverage on CenterPoint Energy in a research report on Monday, October 6th. They issued an "in-line" rating and a $42.00 price objective on the stock. UBS Group upped their price objective on CenterPoint Energy from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Finally, Mizuho upped their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.45.

CenterPoint Energy Stock Down 0.1%

Shares of CNP opened at $39.65 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.61 and a current ratio of 0.79. CenterPoint Energy, Inc. has a one year low of $28.57 and a one year high of $40.50. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.84 and a beta of 0.57. The stock has a 50 day moving average price of $38.39 and a 200 day moving average price of $37.54.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). The firm had revenue of $1.94 billion for 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 quarter in the previous year, the firm posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy's dividend payout ratio is currently 61.54%.

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.

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