Voleon Capital Management LP Sells 42,892 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Voleon Capital Management LP reduced its stake in CenterPoint Energy by 73.6%, now holding just 15,386 shares after selling 42,892 shares.
• Various institutional investors have increased their positions, with Vanguard owning approximately $2.9 billion worth of shares after a recent purchase.
• CenterPoint Energy reported a quarterly EPS of $0.29, falling short of the estimated $0.44, and announced a quarterly dividend of $0.22.

Voleon Capital Management LP lessened its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 73.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,386 shares of the utilities provider's stock after selling 42,892 shares during the period. Voleon Capital Management LP's holdings in CenterPoint Energy were worth $557,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of CenterPoint Energy by 0.8% during the first quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider's stock worth $2,900,612,000 after purchasing an additional 671,868 shares during the last quarter. Northern Trust Corp boosted its position in CenterPoint Energy by 0.9% during the 1st quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider's stock worth $215,011,000 after buying an additional 54,596 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in CenterPoint Energy by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,408,135 shares of the utilities provider's stock worth $195,938,000 after acquiring an additional 42,536 shares during the last quarter. American Century Companies Inc. grew its holdings in CenterPoint Energy by 50.2% during the 1st quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider's stock worth $185,434,000 after acquiring an additional 1,709,682 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its position in CenterPoint Energy by 58.4% in the 1st quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider's stock valued at $158,891,000 after acquiring an additional 1,616,181 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Barclays raised their target price on CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Mizuho set a $39.00 price objective on CenterPoint Energy and gave the stock a "neutral" rating in a research report on Friday, July 25th. Morgan Stanley set a $38.00 target price on CenterPoint Energy and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, CenterPoint Energy presently has an average rating of "Hold" and a consensus target price of $37.71.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $37.55 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. CenterPoint Energy, Inc. has a twelve month low of $26.32 and a twelve month high of $39.39. The company has a fifty day moving average of $37.57 and a 200-day moving average of $36.82. The firm has a market capitalization of $24.51 billion, a P/E ratio of 26.26, a P/E/G ratio of 2.73 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results 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). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the company earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, sell-side analysts anticipate 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 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 21st. CenterPoint Energy's payout ratio 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.

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