Jump Financial LLC Has $832,000 Stock Position in CenterPoint Energy, Inc. $CNP

Key Points

• Jump Financial LLC increased its stake in CenterPoint Energy by 130.3%, owning a total of 22,976 shares worth approximately $832,000 after buying an additional 13,000 shares in the first quarter.
• Several hedge funds have adjusted their positions in CenterPoint Energy, with Vanguard Group Inc. and American Century Companies Inc. both increasing their holdings significantly in the first quarter.
• CenterPoint Energy's recent earnings report missed expectations, with EPS of $0.29 compared to the consensus estimate of $0.44, and the company has set its FY 2025 guidance at 1.740-1.760 EPS.

Jump Financial LLC raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 130.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,976 shares of the utilities provider's stock after buying an additional 13,000 shares during the quarter. Jump Financial LLC's holdings in CenterPoint Energy were worth $832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CNP. Vanguard Group Inc. lifted its holdings in CenterPoint Energy by 0.8% during the first quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider's stock worth $2,900,612,000 after acquiring an additional 671,868 shares in the last quarter. Northern Trust Corp raised its position in shares of CenterPoint Energy by 0.9% during the first quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider's stock worth $215,011,000 after purchasing an additional 54,596 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of CenterPoint Energy by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,408,135 shares of the utilities provider's stock valued at $195,938,000 after purchasing an additional 42,536 shares in the last quarter. BROOKFIELD Corp ON acquired a new position in shares of CenterPoint Energy in the 4th quarter valued at approximately $164,350,000. Finally, American Century Companies Inc. grew its position in shares of CenterPoint Energy by 50.2% in the 1st quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider's stock valued at $185,434,000 after purchasing an additional 1,709,682 shares during the period. Institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CNP. Mizuho set a $39.00 target price on shares of CenterPoint Energy and gave the stock a "neutral" rating in a report on Friday, July 25th. Morgan Stanley set a $38.00 price objective on shares of CenterPoint Energy and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Barclays boosted their price objective on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. BMO Capital Markets upped their target price on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, CenterPoint Energy has a consensus rating of "Hold" and a consensus price target of $37.71.

CenterPoint Energy Stock Down 0.8%

NYSE CNP traded down $0.29 during trading hours on Thursday, hitting $37.34. 5,465,681 shares of the company traded hands, compared to its average volume of 5,226,441. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.61 and a current ratio of 0.79. The business's 50-day moving average is $37.49 and its 200-day moving average is $36.70. The stock has a market capitalization of $24.37 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 2.76 and a beta of 0.58. CenterPoint Energy, Inc. has a twelve month low of $26.32 and a twelve month high of $39.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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 prior year, the company earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 21st. CenterPoint Energy's dividend payout ratio is presently 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.