Vanguard Personalized Indexing Management LLC Raises Position in CenterPoint Energy, Inc. $CNP

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in CenterPoint Energy by 24.9% during the second quarter, accumulating a total of 57,765 shares valued at approximately $2.12 million.
• CenterPoint Energy has reported earnings per share (EPS) of $0.29 for its latest quarter, missing analyst expectations, and has set its FY 2025 guidance at 1.740-1.760 EPS.
• The company recently declared a quarterly dividend of $0.22 per share, resulting in an annualized dividend yield of 2.2%, which will be paid to stockholders on December 11th.

Vanguard Personalized Indexing Management LLC raised its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 24.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,765 shares of the utilities provider's stock after buying an additional 11,521 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in CenterPoint Energy were worth $2,122,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of CenterPoint Energy in the fourth quarter valued at approximately $254,000. GAMMA Investing LLC raised its stake in CenterPoint Energy by 29.3% in the 1st quarter. GAMMA Investing LLC now owns 14,818 shares of the utilities provider's stock valued at $537,000 after purchasing an additional 3,359 shares during the last quarter. SG Americas Securities LLC purchased a new position in CenterPoint Energy in the 1st quarter valued at $645,000. Wealth Enhancement Advisory Services LLC boosted its stake in CenterPoint Energy by 106.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,108 shares of the utilities provider's stock worth $2,685,000 after purchasing an additional 38,292 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of CenterPoint Energy by 8.6% during the first quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider's stock worth $2,907,000 after buying an additional 6,377 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $39.71 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. The company has a market capitalization of $25.93 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The firm's 50-day moving average is $38.37 and its two-hundred day moving average is $37.52. CenterPoint Energy, Inc. has a 12 month low of $28.57 and a 12 month high of $40.50.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy's dividend payout ratio is 61.54%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNP. Evercore ISI initiated coverage on shares of CenterPoint Energy in a research report on Monday, October 6th. They issued an "in-line" rating and a $42.00 target price for the company. BMO Capital Markets increased their price objective on shares of CenterPoint Energy from $39.00 to $41.00 and gave the company a "market perform" rating in a report on Thursday, October 2nd. Mizuho raised their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. boosted 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. Finally, UBS Group increased their price target on CenterPoint Energy from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 10th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.45.

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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