American National Bank & Trust Buys New Position in CenterPoint Energy, Inc. $CNP

American National Bank & Trust purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, HoldingsChannel.com reports. The firm purchased 47,188 shares of the utilities provider’s stock, valued at approximately $1,734,000.

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

Analyst Ratings Changes

CNP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Mizuho set a $39.00 price objective on CenterPoint Energy and gave the stock a “neutral” rating in a research note on Friday, July 25th. Barclays upped their target price on CenterPoint Energy from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. BMO Capital Markets raised their price target on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Scotiabank lifted their price objective 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. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.41.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $38.26 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.85 and a beta of 0.58. The firm’s 50 day simple moving average is $38.09 and its 200-day simple moving average is $37.15. CenterPoint Energy, Inc. has a 12 month low of $28.57 and a 12 month high of $39.39.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (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 return on equity of 9.16% and a net margin of 10.42%.During the same period last year, the company posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.22 dividend. 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.