Jacobs Levy Equity Management Inc. Has $15.30 Million Stake in CenterPoint Energy, Inc. $CNP

Key Points

• Jacobs Levy Equity Management Inc. has significantly reduced its stake in CenterPoint Energy by 81.7% this quarter, now holding 422,412 shares worth approximately $15.3 million.
• CenterPoint Energy's recent quarterly earnings report showed an EPS of $0.29, missing analysts' expectations by 15 cents, and the company generated revenues of $1.94 billion, below the estimated $2.20 billion.
• The company declared a quarterly dividend of $0.22 per share, representing an annualized yield of 2.3%, with shares trading up 0.8% at $37.78 on the market.

Jacobs Levy Equity Management Inc. cut its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 81.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 422,412 shares of the utilities provider's stock after selling 1,891,719 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.06% of CenterPoint Energy worth $15,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Curat Global LLC purchased a new position in shares of CenterPoint Energy in the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of CenterPoint Energy in the 1st quarter worth about $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of CenterPoint Energy in the 1st quarter worth about $27,000. CoreCap Advisors LLC grew its stake in CenterPoint Energy by 58.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock worth $34,000 after buying an additional 400 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in CenterPoint Energy by 201.5% during the first 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. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

Shares of CNP traded up $0.12 during mid-day trading on Friday, hitting $38.36. The company's stock had a trading volume of 1,472,238 shares, compared to its average volume of 5,195,823. The firm has a 50-day moving average price of $37.66 and a 200 day moving average price of $36.86. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.77 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, Inc. has a fifty-two week low of $26.32 and a fifty-two week high of $39.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.15). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. During the same period 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. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 21st. CenterPoint Energy's dividend payout ratio is presently 61.54%.

Analyst Ratings Changes

Several equities research analysts recently commented on CNP shares. Barclays raised their target price on CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Mizuho set a $39.00 price target on shares of CenterPoint Energy and gave the company a "neutral" rating in a report on Friday, July 25th. Morgan Stanley set a $38.00 price target on shares of CenterPoint Energy and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, BMO Capital Markets lifted their target price on CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, CenterPoint Energy has a consensus 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.