Northern Trust Corp Grows Position 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% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,934,611 shares of the utilities provider's stock after acquiring an additional 54,596 shares during the quarter. Northern Trust Corp owned approximately 0.91% of CenterPoint Energy worth $215,011,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in 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 acquiring an additional 6,377 shares during the period. QRG Capital Management Inc. lifted its stake in CenterPoint Energy by 8.8% in the first quarter. QRG Capital Management Inc. now owns 19,913 shares of the utilities provider's stock worth $721,000 after acquiring an additional 1,615 shares during the period. Principal Financial Group Inc. lifted its stake in CenterPoint Energy by 3.1% in the first quarter. Principal Financial Group Inc. now owns 864,175 shares of the utilities provider's stock worth $31,309,000 after acquiring an additional 26,153 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in CenterPoint Energy by 32.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,314,131 shares of the utilities provider's stock worth $73,427,000 after acquiring an additional 569,389 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in CenterPoint Energy by 5.6% in the first quarter. Nisa Investment Advisors LLC now owns 166,743 shares of the utilities provider's stock worth $6,041,000 after acquiring an additional 8,914 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Performance

CNP opened at $38.0070 on Friday. CenterPoint Energy, Inc. has a 52-week low of $26.14 and a 52-week high of $39.39. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. The company has a market cap of $24.81 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.58. The firm's 50-day moving average price is $37.18 and its 200-day moving average price is $36.38.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the company earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.22 per share. The ex-dividend date is 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%.

Analyst Upgrades and Downgrades

Several analysts have commented on CNP shares. BMO Capital Markets increased their price target on shares of CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Barclays increased their price target on shares of 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 price target on shares of CenterPoint Energy and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, Scotiabank increased their price target on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a research report on Friday, July 25th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $37.38.

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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