Martin Capital Partners LLC Buys Shares of 7,484 CenterPoint Energy, Inc. $CNP

Martin Capital Partners LLC acquired a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,484 shares of the utilities provider’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Curat Global LLC purchased a new position in CenterPoint Energy during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of CenterPoint Energy during the 1st quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of CenterPoint Energy during the 1st quarter valued at approximately $27,000. Harbor Investment Advisory LLC lifted its stake in shares of CenterPoint Energy by 201.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 691 shares during the period. Finally, Motco lifted its stake in shares of CenterPoint Energy by 107.8% in the 1st quarter. Motco now owns 1,039 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 539 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho set a $39.00 price target on CenterPoint Energy and gave the stock a “neutral” rating in a research report on Friday, July 25th. BMO Capital Markets increased their target price on CenterPoint Energy from $36.00 to $39.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Finally, Barclays boosted their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.50.

CenterPoint Energy Stock Up 0.1%

Shares of NYSE CNP opened at $38.28 on Monday. 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 business’s 50 day moving average is $37.71 and its two-hundred day moving average is $36.93. CenterPoint Energy, Inc. has a 52-week low of $26.32 and a 52-week high of $39.39. The firm has a market cap of $24.99 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.80 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last announced 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). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 61.54%.

About CenterPoint Energy

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.