CenterPoint Energy, Inc. $CNP Holdings Reduced by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. trimmed its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,093,869 shares of the utilities provider’s stock after selling 551,565 shares during the quarter. CenterPoint Energy accounts for approximately 1.1% of T. Rowe Price Investment Management Inc.’s investment portfolio, making the stock its 10th biggest holding. T. Rowe Price Investment Management Inc. owned 7.06% of CenterPoint Energy worth $1,669,981,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in CenterPoint Energy by 0.8% in the first quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider’s stock valued at $2,900,612,000 after purchasing an additional 671,868 shares during the last quarter. Northern Trust Corp boosted its holdings in CenterPoint Energy by 0.9% in the first quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider’s stock valued at $215,011,000 after purchasing an additional 54,596 shares during the last quarter. BROOKFIELD Corp ON purchased a new stake in CenterPoint Energy in the fourth quarter valued at $164,350,000. American Century Companies Inc. boosted its holdings in CenterPoint Energy by 50.2% in the first quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider’s stock valued at $185,434,000 after purchasing an additional 1,709,682 shares during the last quarter. Finally, Reaves W H & Co. Inc. boosted its holdings in CenterPoint Energy by 58.4% in the first quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider’s stock valued at $158,891,000 after purchasing an additional 1,616,181 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Up 1.2%

CNP opened at $38.1850 on Wednesday. CenterPoint Energy, Inc. has a twelve month low of $25.68 and a twelve month high of $39.39. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average price of $37.10 and a 200 day moving average price of $36.33. The company has a market cap of $24.93 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.76 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last released its quarterly 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). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same quarter last year, the company earned $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CNP. Morgan Stanley lowered their price target on shares of CenterPoint Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. Scotiabank upped their price objective on shares of CenterPoint Energy from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 25th. Barclays upped their price objective on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Finally, Evercore ISI upped their price objective on shares of CenterPoint Energy from $37.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.38.

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.