ASR Vermogensbeheer N.V. Has $2.17 Million Stake in CenterPoint Energy, Inc. $CNP

ASR Vermogensbeheer N.V. boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 19.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,109 shares of the utilities provider’s stock after buying an additional 9,789 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in CenterPoint Energy were worth $2,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNP. Brighton Jones LLC acquired a new position in CenterPoint Energy during the 4th quarter worth about $254,000. Wealth Enhancement Advisory Services LLC lifted its holdings in CenterPoint Energy by 20.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,816 shares of the utilities provider’s stock worth $1,136,000 after buying an additional 6,084 shares during the period. Merit Financial Group LLC lifted its holdings in CenterPoint Energy by 15.3% during the 1st quarter. Merit Financial Group LLC now owns 15,095 shares of the utilities provider’s stock worth $547,000 after buying an additional 2,004 shares during the period. Curat Global LLC acquired a new position in CenterPoint Energy during the 1st quarter worth about $25,000. Finally, UMB Bank n.a. lifted its holdings in CenterPoint Energy by 58.0% during the 1st quarter. UMB Bank n.a. now owns 1,457 shares of the utilities provider’s stock worth $53,000 after buying an additional 535 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $38.82 on Friday. CenterPoint Energy, Inc. has a one year low of $28.57 and a one year high of $40.50. The firm has a market capitalization of $25.35 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.74 and a beta of 0.57. The business has a 50-day simple moving average of $38.22 and a 200 day simple moving average of $37.30. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th 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, November 20th. CenterPoint Energy’s payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

CNP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a report on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Scotiabank boosted their price objective on CenterPoint Energy from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research note on Friday, July 25th. Mizuho boosted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley dropped their price objective on CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.68.

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.