Raiffeisen Bank International AG Raises Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Key Points

• Raiffeisen Bank International AG increased its stake in CenterPoint Energy by 142.8% during Q1, owning 25,420 shares valued at approximately $921,000 at the end of the reporting period.
• CenterPoint Energy's earnings report for the most recent quarter showed a missed EPS estimate of $0.29 compared to the expected $0.44, with revenues of $1.94 billion falling short of expectations of $2.20 billion.
• The company declared a quarterly dividend of $0.22 per share, representing an annualized yield of 2.2%, with the dividends to be paid on September 11th.

Raiffeisen Bank International AG increased its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 142.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,420 shares of the utilities provider's stock after purchasing an additional 14,952 shares during the period. Raiffeisen Bank International AG's holdings in CenterPoint Energy were worth $921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Curat Global LLC purchased a new stake in CenterPoint Energy in the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new position in CenterPoint Energy in the 1st quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in CenterPoint Energy in the 1st quarter worth approximately $27,000. CoreCap Advisors LLC raised its holdings in CenterPoint Energy by 58.9% in the 4th quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock worth $34,000 after acquiring an additional 400 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in CenterPoint Energy by 201.5% in 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. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CNP. Mizuho set a $39.00 target price on shares of CenterPoint Energy and gave the stock a "neutral" rating in a report on Friday, July 25th. Barclays raised their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Wall Street Zen cut shares of CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Morgan Stanley dropped their target price on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, CenterPoint Energy currently has a consensus rating of "Hold" and an average price target of $37.38.

CenterPoint Energy Trading Up 0.9%

Shares of CNP opened at $39.17 on Tuesday. 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 1 year low of $25.41 and a 1 year high of $39.34. The company has a 50 day simple moving average of $36.78 and a two-hundred day simple moving average of $35.90. The firm has a market cap of $25.57 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). The company had revenue of $1.94 billion for 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 last year, the business earned $0.36 earnings per share. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. CenterPoint Energy's dividend payout ratio is presently 61.54%.

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.

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