USA Financial Formulas Invests $901,000 in CenterPoint Energy, Inc. $CNP

Key Points

• USA Financial Formulas has invested approximately $901,000 in CenterPoint Energy, Inc. by acquiring 24,525 shares during the second quarter.
• Several hedge funds have made notable adjustments to their holdings in CenterPoint Energy, with 91.77% of the stock owned by institutional investors.
• CenterPoint Energy reported a quarterly earnings miss and has set its FY 2025 guidance at $1.740-1.760 EPS, while a dividend of $0.22 per share will be paid on December 11th.

USA Financial Formulas bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,525 shares of the utilities provider's stock, valued at approximately $901,000.

A number of other hedge funds have also modified their holdings of the business. Private Trust Co. NA lifted its holdings in CenterPoint Energy by 21.5% in the first quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 293 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of CenterPoint Energy by 17.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider's stock worth $73,000 after buying an additional 304 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of CenterPoint Energy by 1.6% during the 2nd quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider's stock worth $778,000 after buying an additional 342 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of CenterPoint Energy by 2.7% during the 1st quarter. Fulton Bank N.A. now owns 13,718 shares of the utilities provider's stock worth $497,000 after buying an additional 362 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its stake in shares of CenterPoint Energy by 5.5% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider's stock worth $272,000 after buying an additional 392 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNP has been the subject of several research reports. Barclays lifted their price target on CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Wall Street Zen downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Mizuho lifted their price target on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Morgan Stanley cut their price target on CenterPoint Energy from $38.00 to $37.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $38.50.

CenterPoint Energy Trading Down 1.6%

Shares of CNP stock opened at $38.19 on Thursday. The firm has a 50-day moving average price of $38.20 and a 200 day moving average price of $37.25. CenterPoint Energy, Inc. has a twelve month low of $28.57 and a twelve month high of $40.50. The company has a market capitalization of $24.93 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 2.83 and a beta of 0.57. 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 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.15). CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the firm posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Research analysts forecast 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, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 20th. CenterPoint Energy's dividend payout ratio is presently 61.54%.

CenterPoint Energy 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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