6,311 Shares in CenterPoint Energy, Inc. $CNP Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,311 shares of the utilities provider’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CNP. Curat Global LLC acquired a new position in CenterPoint Energy in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in CenterPoint Energy during the 1st quarter worth $25,000. ST Germain D J Co. Inc. purchased a new stake in shares of CenterPoint Energy during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of CenterPoint Energy in the first quarter valued at about $27,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of CenterPoint Energy by 201.5% in the first quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider’s stock worth $37,000 after buying an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research note on Friday, July 25th. Barclays upped their price target on CenterPoint Energy from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Wall Street Zen downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. boosted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Finally, Mizuho raised their target price on CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, CenterPoint Energy presently has a consensus rating of “Hold” and a consensus target price of $38.68.

CenterPoint Energy Trading Up 0.2%

NYSE CNP opened at $38.25 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 stock has a market capitalization of $24.97 billion, a P/E ratio of 26.74, a PEG ratio of 2.69 and a beta of 0.57. The firm’s 50-day moving average is $38.21 and its two-hundred day moving average is $37.27. CenterPoint Energy, Inc. has a 12 month low of $28.57 and a 12 month high of $40.50.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. CenterPoint Energy’s payout ratio is presently 61.54%.

About CenterPoint Energy

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.