8,878 Shares in CenterPoint Energy, Inc. $CNP Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired 8,878 shares of CenterPoint Energy, valued at approximately $322,000, marking a new stake in the company during the first quarter.
• Significant increases in share ownership were noted from other institutional investors, with Goldman Sachs increasing its stake by 42.3%, now owning over 3.9 million shares worth around $143 million.
• The company recently reported a miss in quarterly earnings, posting $0.29 per share as opposed to the estimated $0.44, while also setting a FY 2025 EPS guidance of 1.740-1.760.

MBB Public Markets I LLC purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,878 shares of the utilities provider's stock, valued at approximately $322,000.

Several other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of CenterPoint Energy by 8.6% in the first quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider's stock worth $2,907,000 after buying an additional 6,377 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of CenterPoint Energy by 8.8% during the first quarter. QRG Capital Management Inc. now owns 19,913 shares of the utilities provider's stock worth $721,000 after buying an additional 1,615 shares during the period. Principal Financial Group Inc. boosted its holdings in CenterPoint Energy by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 864,175 shares of the utilities provider's stock valued at $31,309,000 after acquiring an additional 26,153 shares during the period. Nisa Investment Advisors LLC increased its stake in CenterPoint Energy by 5.6% during the first quarter. Nisa Investment Advisors LLC now owns 166,743 shares of the utilities provider's stock worth $6,041,000 after purchasing an additional 8,914 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in shares of CenterPoint Energy by 472.8% in the first quarter. Golden State Wealth Management LLC now owns 1,220 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 1,007 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CNP shares. JPMorgan Chase & Co. increased their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Wall Street Zen lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Scotiabank boosted their target price on CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 25th. BMO Capital Markets increased their price target on CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Finally, Mizuho set a $39.00 target price on shares of CenterPoint Energy and gave the stock a "neutral" rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of "Hold" and a consensus target price of $38.50.

CenterPoint Energy Stock Performance

NYSE CNP traded up $0.04 during trading hours on Friday, hitting $38.28. The company had a trading volume of 4,280,833 shares, compared to its average volume of 5,214,389. The business has a 50 day moving average of $37.66 and a 200-day moving average of $36.86. The company has a market cap of $24.99 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.77 and a beta of 0.58. CenterPoint Energy, Inc. has a 1-year low of $26.32 and a 1-year high of $39.39. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.61 and a current ratio of 0.79.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations 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. As a group, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. 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.