UniSuper Management Pty Ltd Raises Stock Holdings in CenterPoint Energy, Inc. $CNP

Key Points

• UniSuper Management Pty Ltd increased its ownership of CenterPoint Energy, Inc. by 109.5%, acquiring an additional 452,195 shares, bringing its total shares to 864,981.
• CenterPoint Energy reported a quarterly earnings miss with an EPS of $0.29, falling short of the $0.44 consensus estimate.
• The company announced a quarterly dividend of $0.22 per share, set to be paid on September 11th, representing an annual yield of 2.3%.

UniSuper Management Pty Ltd increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 109.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 864,981 shares of the utilities provider's stock after purchasing an additional 452,195 shares during the quarter. UniSuper Management Pty Ltd owned 0.13% of CenterPoint Energy worth $31,338,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Curat Global LLC purchased a new position in CenterPoint Energy during the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new position in CenterPoint Energy during the 1st quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new position in CenterPoint Energy during the 1st quarter valued at $27,000. Harbor Investment Advisory LLC boosted its holdings in CenterPoint Energy by 201.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 691 shares during the period. Finally, Motco boosted its holdings in CenterPoint Energy by 107.8% during the 1st quarter. Motco now owns 1,039 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 539 shares during the period. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Stock Up 0.7%

Shares of CNP stock traded up $0.26 during mid-day trading on Wednesday, hitting $37.80. The stock had a trading volume of 3,530,747 shares, compared to its average volume of 5,222,993. CenterPoint Energy, Inc. has a 12-month low of $26.32 and a 12-month high of $39.39. The firm has a market capitalization of $24.68 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 2.73 and a beta of 0.58. The firm's 50-day moving average is $37.57 and its two-hundred day moving average is $36.82. 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 (NYSE:CNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 earnings per share 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 return on equity of 9.16% and a net margin of 10.42%.During the same quarter last year, the company earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, August 21st. CenterPoint Energy's dividend payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CNP shares. Wall Street Zen cut CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. BMO Capital Markets boosted their price objective on CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Morgan Stanley set a $38.00 price objective on CenterPoint Energy and gave the company an "outperform" rating in a report on Thursday, August 21st. Mizuho set a $39.00 price objective on CenterPoint Energy and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $37.71.

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.