Martin Capital Partners LLC Purchases Shares of 7,484 CenterPoint Energy, Inc. $CNP

Key Points

• Martin Capital Partners LLC recently acquired a stake of 7,484 shares of CenterPoint Energy, valued at approximately $275,000, in the second quarter.
• CenterPoint Energy's stock has an average rating of Hold from investment analysts, with a consensus target price of $38.50.
• The company reported an EPS of $0.29 for the latest quarter, which fell short of analysts' expectations and has set its FY 2025 guidance between 1.740-1.760 EPS.

Martin Capital Partners LLC bought a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,484 shares of the utilities provider's stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Curat Global LLC acquired a new position in CenterPoint Energy in the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in shares of CenterPoint Energy in the first quarter valued at about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in CenterPoint Energy during the 1st quarter worth about $27,000. Harbor Investment Advisory LLC grew its holdings in CenterPoint Energy by 201.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock worth $37,000 after acquiring an additional 691 shares during the last quarter. Finally, Motco grew its holdings in CenterPoint Energy by 107.8% during the 1st quarter. Motco now owns 1,039 shares of the utilities provider's stock worth $38,000 after acquiring an additional 539 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CNP shares. JPMorgan Chase & Co. upped their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Morgan Stanley set a $38.00 price objective on CenterPoint Energy and gave the stock an "outperform" rating in a report on Thursday, August 21st. Barclays increased their price objective on CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Mizuho set a $39.00 target price on CenterPoint Energy and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets raised their price target on CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and an average price target of $38.50.

CenterPoint Energy Trading Down 1.6%

Shares of CenterPoint Energy stock traded down $0.63 during trading on Tuesday, hitting $37.66. 4,280,866 shares of the company were exchanged, compared to its average volume of 4,298,929. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. The firm has a market capitalization of $24.59 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 2.80 and a beta of 0.58. The firm's fifty day moving average price is $37.79 and its 200 day moving average price is $36.96. CenterPoint Energy, Inc. has a 1-year low of $27.92 and a 1-year high of $39.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data 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 firm 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 period in the previous year, the business earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share 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 issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, August 21st. CenterPoint Energy's dividend payout ratio is 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.