Vestmark Advisory Solutions Inc. Raises Holdings in CenterPoint Energy, Inc. $CNP

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in CenterPoint Energy by 111.2% in the first quarter, bringing its total shares to 13,774 valued at approximately $499,000.
• A range of analysts have adjusted their price targets for CenterPoint Energy, with Evercore ISI raising it to $41.00, while Morgan Stanley decreased it to $34.00.
• The company reported earnings of $0.29 per share for the last quarter, falling short of the consensus estimate of $0.44, alongside revenue of $1.94 billion, below the expected $2.20 billion.

Vestmark Advisory Solutions Inc. boosted its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 111.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,774 shares of the utilities provider's stock after purchasing an additional 7,251 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in CenterPoint Energy were worth $499,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CNP. Brighton Jones LLC acquired a new stake in CenterPoint Energy during the 4th quarter valued at $254,000. Townsquare Capital LLC acquired a new stake in CenterPoint Energy during the 4th quarter valued at $286,000. Mariner LLC grew its holdings in CenterPoint Energy by 18.1% during the 4th quarter. Mariner LLC now owns 67,606 shares of the utilities provider's stock valued at $2,145,000 after buying an additional 10,363 shares during the last quarter. United Capital Financial Advisors LLC grew its holdings in CenterPoint Energy by 5.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,328 shares of the utilities provider's stock valued at $423,000 after buying an additional 660 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in CenterPoint Energy by 8.6% during the 4th quarter. NewEdge Advisors LLC now owns 55,610 shares of the utilities provider's stock valued at $1,764,000 after buying an additional 4,387 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Up 0.1%

Shares of CNP stock traded up $0.0340 during mid-day trading on Friday, hitting $38.0340. 5,607,602 shares of the company's stock were exchanged, compared to its average volume of 5,139,331. CenterPoint Energy, Inc. has a fifty-two week low of $26.32 and a fifty-two week high of $39.39. The stock has a 50-day simple moving average of $37.21 and a two-hundred day simple moving average of $36.45. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. The stock has a market cap of $24.83 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.79 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.15). The business 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 last year, the business earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 21st. CenterPoint Energy's dividend payout ratio (DPR) is 61.54%.

Analysts Set New Price Targets

CNP has been the topic of a number of analyst reports. BMO Capital Markets increased their target price on CenterPoint Energy from $36.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price on CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Mizuho set a $39.00 target price on CenterPoint Energy and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays increased their target price on CenterPoint Energy from $38.00 to $39.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Morgan Stanley decreased their price objective on CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of "Hold" and a consensus price target of $37.38.

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.