Squarepoint Ops LLC Has $96.04 Million Holdings in CenterPoint Energy, Inc. $CNP

Key Points

• Squarepoint Ops LLC reduced its CenterPoint Energy stake by 3.3% in the second quarter, selling 75,198 shares and retaining 2.18 million shares valued at approximately $96.04 million.
• CenterPoint reported quarterly EPS of $0.40, exceeding estimates of $0.37, while revenue reached $2.15 billion. The company raised its quarterly dividend from $0.23 to $0.24 per share, representing a 2.4% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $45.36, compared with the stock’s reported price of $40.19.

Squarepoint Ops LLC decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,180,674 shares of the utilities provider's stock after selling 75,198 shares during the quarter. Squarepoint Ops LLC owned approximately 0.33% of CenterPoint Energy worth $96,037,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in CenterPoint Energy during the fourth quarter worth approximately $254,000. AQR Capital Management LLC increased its position in shares of CenterPoint Energy by 15.6% in the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider's stock worth $2,757,000 after purchasing an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CenterPoint Energy by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider's stock valued at $2,525,000 after purchasing an additional 3,821 shares in the last quarter. Empowered Funds LLC lifted its position in CenterPoint Energy by 11.5% during the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider's stock worth $486,000 after purchasing an additional 1,384 shares during the period. Finally, Woodline Partners LP lifted its position in CenterPoint Energy by 40.7% during the first quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider's stock worth $1,995,000 after purchasing an additional 15,922 shares during the period. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $40.19 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. CenterPoint Energy, Inc. has a 52 week low of $37.22 and a 52 week high of $45.26. The firm has a market cap of $26.47 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.46. The firm's fifty day moving average is $41.71 and its 200-day moving average is $42.49.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. CenterPoint Energy's payout ratio is currently 56.47%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CNP shares. Truist Financial dropped their target price on shares of CenterPoint Energy from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. BMO Capital Markets lowered their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. BTIG Research assumed coverage on CenterPoint Energy in a report on Tuesday, June 30th. They issued a "neutral" rating on the stock. Jefferies Financial Group set a $50.00 price target on CenterPoint Energy in a report on Thursday, June 18th. Finally, Morgan Stanley dropped their price objective on CenterPoint Energy from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, August 21st. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.36.

CenterPoint Energy Profile

CenterPoint Energy, Inc NYSE: CNP is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company's principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint's core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.