Lbp Am Sa Sells 16,804 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Lbp Am Sa reduced its stake in CenterPoint Energy, Inc. by 17.1%, selling 16,804 shares and retaining 81,542 shares worth approximately $2,996,000.
• Several institutional investors have significantly increased their positions in CenterPoint Energy, with Millennium Management LLC raising its stake by 2,845.6% to over 1.9 million shares.
• CenterPoint Energy reported an earnings miss for the last quarter, with an EPS of $0.29 compared to a consensus estimate of $0.44, and has set its FY 2025 guidance between 1.740-1.760 EPS.

Lbp Am Sa cut its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 17.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,542 shares of the utilities provider's stock after selling 16,804 shares during the period. Lbp Am Sa's holdings in CenterPoint Energy were worth $2,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CNP. Nuveen LLC bought a new position in shares of CenterPoint Energy in the first quarter worth about $92,025,000. GQG Partners LLC bought a new position in shares of CenterPoint Energy in the first quarter worth about $78,632,000. Millennium Management LLC raised its stake in shares of CenterPoint Energy by 2,845.6% in the first quarter. Millennium Management LLC now owns 1,938,231 shares of the utilities provider's stock worth $70,222,000 after acquiring an additional 1,872,429 shares during the last quarter. American Century Companies Inc. raised its stake in shares of CenterPoint Energy by 50.2% in the first quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider's stock worth $185,434,000 after acquiring an additional 1,709,682 shares during the last quarter. Finally, Reaves W H & Co. Inc. raised its stake in shares of CenterPoint Energy by 58.4% in the first quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider's stock worth $158,891,000 after acquiring an additional 1,616,181 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CNP shares. Scotiabank boosted their price target on shares of CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 25th. Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Barclays boosted their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, Mizuho boosted their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $38.68.

CenterPoint Energy Stock Up 0.2%

Shares of NYSE:CNP opened at $38.25 on Friday. CenterPoint Energy, Inc. has a 52 week low of $28.57 and a 52 week high of $40.50. 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 company has a market capitalization of $24.97 billion, a PE ratio of 26.74, a PEG ratio of 2.69 and a beta of 0.57. The company has a 50 day moving average price of $38.21 and a two-hundred day moving average price of $37.27.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its 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). CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the company posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The business 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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. 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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