Inspire Investing LLC Has $2.70 Million Stock Position in CenterPoint Energy, Inc. $CNP

Inspire Investing LLC lifted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,475 shares of the utilities provider’s stock after buying an additional 2,992 shares during the quarter. Inspire Investing LLC’s holdings in CenterPoint Energy were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in CenterPoint Energy during the 1st quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new position in CenterPoint Energy during the 2nd quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new position in CenterPoint Energy during the 1st quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new position in CenterPoint Energy during the 2nd quarter valued at $29,000. Finally, Ameritas Advisory Services LLC acquired a new position in CenterPoint Energy during the 2nd quarter valued at $33,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 0.3%

Shares of CNP stock opened at $39.22 on Friday. CenterPoint Energy, Inc. has a 52-week low of $28.57 and a 52-week high of $40.50. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 2.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.61 and a current ratio of 0.79. The firm has a fifty day moving average of $38.32 and a 200-day moving average of $37.42.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share 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 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 company posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. CenterPoint Energy’s dividend payout ratio is presently 61.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Mizuho upped their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Barclays upped their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Wednesday. Finally, Evercore ISI initiated coverage on shares of CenterPoint Energy in a research note on Monday. They issued an “in-line” rating and a $42.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.68.

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.