Yousif Capital Management LLC Acquires 21,159 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Yousif Capital Management LLC increased its holdings in CenterPoint Energy, Inc. by 24.8%, acquiring an additional 21,159 shares to total 106,541 shares, valued at approximately $3.91 million.
• CenterPoint Energy recently announced a quarterly dividend of $0.22 per share, representing a yield of 2.2%, with the payment date set for December 11th.
• Analysts have raised their target prices for CenterPoint Energy's stock, with a new average target price of $40.45 and 5 analysts rating it as a Buy, while 8 rate it as Hold.

Yousif Capital Management LLC lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 24.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 106,541 shares of the utilities provider's stock after acquiring an additional 21,159 shares during the quarter. Yousif Capital Management LLC's holdings in CenterPoint Energy were worth $3,914,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in shares of CenterPoint Energy in the 1st quarter worth approximately $25,000. ST Germain D J Co. Inc. bought a new stake in shares of CenterPoint Energy in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of CenterPoint Energy in the 1st quarter worth approximately $27,000. Chung Wu Investment Group LLC bought a new stake in shares of CenterPoint Energy in the 2nd quarter worth approximately $29,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of CenterPoint Energy in the 2nd quarter worth approximately $33,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CNP has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of CenterPoint Energy from $39.00 to $41.00 and gave the stock a "market perform" rating in a research note on Thursday, October 2nd. Mizuho lifted 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. Evercore ISI initiated coverage on shares of CenterPoint Energy in a research note on Monday, October 6th. They issued an "in-line" rating and a $42.00 target price on the stock. Scotiabank lifted their target price on shares of CenterPoint Energy from $40.00 to $42.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted 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, July 15th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, CenterPoint Energy has an average rating of "Hold" and an average target price of $40.45.

CenterPoint Energy Stock Up 0.9%

Shares of CenterPoint Energy stock opened at $39.87 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87. The company's fifty day simple moving average is $38.36 and its two-hundred day simple moving average is $37.50. The company has a market cap of $26.03 billion, a P/E ratio of 27.88, a PEG ratio of 2.78 and a beta of 0.57. 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 issued its quarterly earnings data 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 company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $2.20 billion. CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. During the same period in the previous year, the firm posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy's 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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