Lbp Am Sa Has $3 Million Stake in CenterPoint Energy, Inc. $CNP

Lbp Am Sa decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 17.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 81,542 shares of the utilities provider’s stock after selling 16,804 shares during the period. Lbp Am Sa’s holdings in CenterPoint Energy were worth $2,996,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Curat Global LLC bought a new stake in shares of CenterPoint Energy during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in CenterPoint Energy during the first quarter worth $25,000. ST Germain D J Co. Inc. bought a new stake in CenterPoint Energy during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in CenterPoint Energy in the first quarter valued at $27,000. Finally, Harbor Investment Advisory LLC lifted its stake in CenterPoint Energy by 201.5% in the first quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 691 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

CNP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Morgan Stanley cut their price target on shares of CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Barclays increased their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Scotiabank increased their price target 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. Finally, Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.68.

CenterPoint Energy Price Performance

Shares of CNP opened at $38.25 on Friday. The firm has a market capitalization of $24.97 billion, a PE ratio of 26.74, a PEG ratio of 2.69 and a beta of 0.57. The company’s 50-day moving average is $38.21 and its 200-day moving average is $37.27. CenterPoint Energy, Inc. has a fifty-two week low of $28.57 and a fifty-two week high of $40.50. 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 quarterly earnings data 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). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 company earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy’s dividend 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.