Northern Trust Corp Grows Stock Holdings in CenterPoint Energy, Inc. $CNP

Key Points

• Northern Trust Corp has increased its holdings in CenterPoint Energy by 0.9%, now owning approximately 5.93 million shares worth about $215 million.
• CenterPoint Energy reported a Q2 earnings miss, with an EPS of $0.29 against the expected $0.44, and revenue of $1.94 billion compared to estimates of $2.20 billion.
• The company has declared a quarterly dividend of $0.22 per share, which reflects an annualized dividend yield of 2.3% and a payout ratio of 61.54%.

Northern Trust Corp increased its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,934,611 shares of the utilities provider's stock after buying an additional 54,596 shares during the period. Northern Trust Corp owned 0.91% of CenterPoint Energy worth $215,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNP. Private Trust Co. NA increased its stake in CenterPoint Energy by 21.5% in the first quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 293 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in CenterPoint Energy by 17.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 304 shares during the last quarter. Fulton Bank N.A. increased its stake in CenterPoint Energy by 2.7% in the first quarter. Fulton Bank N.A. now owns 13,718 shares of the utilities provider's stock valued at $497,000 after acquiring an additional 362 shares during the last quarter. Colonial Trust Co SC increased its stake in CenterPoint Energy by 9.2% in the fourth quarter. Colonial Trust Co SC now owns 4,601 shares of the utilities provider's stock valued at $146,000 after acquiring an additional 388 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft increased its stake in CenterPoint Energy by 5.5% in the first quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider's stock valued at $272,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

CenterPoint Energy Stock Up 0.0%

CNP traded up $0.02 on Wednesday, hitting $37.72. The company had a trading volume of 3,246,802 shares, compared to its average volume of 4,455,346. 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, Inc. has a 52-week low of $26.32 and a 52-week high of $39.39. The stock has a fifty day simple moving average of $37.33 and a 200-day simple moving average of $36.53. The firm has a market capitalization of $24.62 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.76 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.16% and a net margin of 10.42%.The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the business earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, equities analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.88 annualized dividend and a yield of 2.3%. CenterPoint Energy's dividend payout ratio (DPR) is 61.54%.

Analyst Ratings Changes

A number of research firms recently commented on CNP. BMO Capital Markets increased their target price on CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Mizuho set a $39.00 price objective on CenterPoint Energy and gave the company a "neutral" rating in a research note on Friday, July 25th. Scotiabank raised their price objective on CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a research note on Friday, July 25th. Finally, Wall Street Zen lowered shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, CenterPoint Energy currently has an average rating of "Hold" and an average target price of $37.71.

About CenterPoint Energy

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.