Louisbourg Investments Inc. Sells 32,035 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Louisbourg Investments Inc. has decreased its stake in CenterPoint Energy, Inc. by 30.9%, selling 32,035 shares and leaving it with 71,518 shares valued at approximately $2.63 million.
• CenterPoint Energy has seen mixed analyst ratings, with the consensus rating being a "Hold" and an average price target of $39.68, while Wall Street Zen recently downgraded it to a "sell" rating.
• The company has declared a quarterly dividend of $0.22 per share, offering a yield of 2.2%, with the payment scheduled for December 11.

Louisbourg Investments Inc. reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 30.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,518 shares of the utilities provider's stock after selling 32,035 shares during the period. Louisbourg Investments Inc.'s holdings in CenterPoint Energy were worth $2,628,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in CenterPoint Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider's stock worth $2,900,612,000 after purchasing an additional 671,868 shares during the last quarter. Northern Trust Corp raised its position in CenterPoint Energy by 0.9% during the 1st 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 last quarter. Price T Rowe Associates Inc. MD raised its position in 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 worth $195,938,000 after purchasing an additional 42,536 shares during the last quarter. American Century Companies Inc. raised its position in CenterPoint Energy by 50.2% during the 1st quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider's stock worth $185,434,000 after purchasing an additional 1,709,682 shares during the last quarter. Finally, Reaves W H & Co. Inc. raised its position in CenterPoint Energy by 58.4% during the 1st quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider's stock worth $158,891,000 after purchasing 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

CNP has been the subject of several analyst reports. Wall Street Zen lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Morgan Stanley lowered their price objective on CenterPoint Energy from $38.00 to $37.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Barclays lifted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Evercore ISI assumed coverage on CenterPoint Energy in a research report on Monday. They issued an "in-line" rating and a $42.00 price objective for the company. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of CenterPoint Energy in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, CenterPoint Energy has a consensus rating of "Hold" and an average price target of $39.68.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $39.22 on Friday. CenterPoint Energy, Inc. has a one year low of $28.57 and a one year high of $40.50. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.75 and a beta of 0.57. The business has a 50-day simple moving average of $38.32 and a 200 day simple moving average of $37.42. 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 (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 analysts' consensus estimates 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 firm earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid 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 yield of 2.2%. CenterPoint Energy's 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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