Northside Capital Management LLC Invests $4.53 Million in CenterPoint Energy, Inc. $CNP

Key Points

• Northside Capital Management LLC invested approximately $4.53 million in CenterPoint Energy by acquiring 123,415 shares during the second quarter.
• Analysts are generally optimistic, with six rating the stock as a Buy and seven issuing a Hold rating, while the average target price is set at $38.50.
• CenterPoint Energy announced a quarterly dividend of $0.22 per share, representing an annualized dividend of $0.88 and a yield of 2.3%.

Northside Capital Management LLC acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 123,415 shares of the utilities provider's stock, valued at approximately $4,534,000.

Other large investors also recently modified their holdings of the company. Curat Global LLC acquired a new position in shares of CenterPoint Energy during the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of CenterPoint Energy during the 1st quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of CenterPoint Energy during the 1st quarter worth about $27,000. Harbor Investment Advisory LLC boosted its stake in shares of 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 buying an additional 691 shares during the last quarter. Finally, Motco boosted its stake in shares of 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 buying an additional 539 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. BMO Capital Markets raised their target price on shares of CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Mizuho set a $39.00 target price on shares of CenterPoint Energy and gave the company a "neutral" rating in a research note on Friday, July 25th. Barclays raised their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.50.

CenterPoint Energy Trading Up 1.5%

Shares of CNP stock opened at $38.76 on Wednesday. The firm has a 50 day moving average price of $38.00 and a two-hundred day moving average price of $37.11. 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 capitalization of $25.30 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.79 and a beta of 0.58. CenterPoint Energy, Inc. has a 12-month low of $28.41 and a 12-month high of $39.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued 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). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.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, analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st were given a dividend of $0.22 per share. The ex-dividend date was 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%.

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.

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