UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $139.21 Million Position in CenterPoint Energy, Inc. $CNP

Key Points

• UBS AM increased its stake in CenterPoint Energy by 10.1% during the first quarter, owning 3,842,307 shares valued at approximately $139 million.
• Multiple institutional investors, including Janney Montgomery Scott LLC and Golden State Wealth Management LLC, also expanded their holdings in CenterPoint Energy, contributing to a total institutional ownership of 91.77%.
• Analysts have mixed views on CenterPoint Energy, with price target upgrades from firms like BMO Capital Markets raising their target price to $39.00, while consensus ratings average a "Hold" with a target price of $38.50.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,842,307 shares of the utilities provider's stock after buying an additional 352,425 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.59% of CenterPoint Energy worth $139,207,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in CenterPoint Energy by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider's stock valued at $2,907,000 after buying an additional 6,377 shares during the period. QRG Capital Management Inc. increased its stake in CenterPoint Energy by 8.8% during the 1st quarter. QRG Capital Management Inc. now owns 19,913 shares of the utilities provider's stock valued at $721,000 after buying an additional 1,615 shares during the period. Principal Financial Group Inc. increased its stake in CenterPoint Energy by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 864,175 shares of the utilities provider's stock valued at $31,309,000 after buying an additional 26,153 shares during the period. Nisa Investment Advisors LLC increased its stake in CenterPoint Energy by 5.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 166,743 shares of the utilities provider's stock valued at $6,041,000 after buying an additional 8,914 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in CenterPoint Energy by 472.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,220 shares of the utilities provider's stock valued at $44,000 after buying an additional 1,007 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank raised their target price on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a research note on Friday, July 25th. BMO Capital Markets lifted their price objective on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Barclays lifted their price objective on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Mizuho set a $39.00 price objective on shares of CenterPoint Energy and gave the stock a "neutral" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted 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. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $38.50.

CenterPoint Energy Trading Up 0.6%

Shares of CNP traded up $0.23 during midday trading on Thursday, hitting $38.28. The stock had a trading volume of 2,028,589 shares, compared to its average volume of 5,179,503. CenterPoint Energy, Inc. has a fifty-two week low of $27.92 and a fifty-two week high of $39.39. The business has a 50-day simple moving average of $37.83 and a two-hundred day simple moving average of $36.96. The firm has a market cap of $24.99 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its earnings results 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous 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 forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

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