Greenleaf Trust Decreases Position in CenterPoint Energy, Inc. $CNP

Greenleaf Trust trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,020 shares of the utilities provider’s stock after selling 1,409 shares during the quarter. Greenleaf Trust’s holdings in CenterPoint Energy were worth $882,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in CenterPoint Energy by 8.6% during the first quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider’s stock worth $2,907,000 after purchasing an additional 6,377 shares in the last quarter. QRG Capital Management Inc. boosted its position in CenterPoint Energy by 8.8% during the first quarter. QRG Capital Management Inc. now owns 19,913 shares of the utilities provider’s stock worth $721,000 after purchasing an additional 1,615 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CenterPoint Energy by 3.1% in the first quarter. Principal Financial Group Inc. now owns 864,175 shares of the utilities provider’s stock valued at $31,309,000 after acquiring an additional 26,153 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of CenterPoint Energy by 5.6% in the first quarter. Nisa Investment Advisors LLC now owns 166,743 shares of the utilities provider’s stock valued at $6,041,000 after acquiring an additional 8,914 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of CenterPoint Energy by 472.8% in the first quarter. Golden State Wealth Management LLC now owns 1,220 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 1,007 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Mizuho upped their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. BMO Capital Markets upped their price objective on CenterPoint Energy from $39.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Scotiabank upped their price objective on CenterPoint Energy from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Friday, July 25th. Finally, Morgan Stanley reduced their price objective on CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. 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.com, the company has a consensus rating of “Hold” and an average price target of $38.68.

CenterPoint Energy Stock Performance

CenterPoint Energy stock opened at $38.25 on Friday. The firm 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 stock has a fifty day moving average price of $38.21 and a 200 day moving average price of $37.27. CenterPoint Energy, Inc. has a 52 week low of $28.57 and a 52 week high of $40.50. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.20 billion. CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. During the same quarter in the previous year, the company posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities research 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.88 annualized dividend and a yield of 2.3%. CenterPoint Energy’s dividend payout ratio is currently 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.