Callan Family Office LLC Purchases 6,987 Shares of CenterPoint Energy, Inc. $CNP

Callan Family Office LLC raised its position in CenterPoint Energy, Inc. (NYSE:CNP) by 124.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,619 shares of the utilities provider’s stock after buying an additional 6,987 shares during the quarter. Callan Family Office LLC’s holdings in CenterPoint Energy were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CNP. Brighton Jones LLC bought a new stake in shares of CenterPoint Energy in the fourth quarter valued at $254,000. GAMMA Investing LLC raised its stake in shares of CenterPoint Energy by 29.3% in the first quarter. GAMMA Investing LLC now owns 14,818 shares of the utilities provider’s stock valued at $537,000 after buying an additional 3,359 shares during the period. SG Americas Securities LLC bought a new stake in shares of CenterPoint Energy in the first quarter valued at $645,000. Fifth Third Bancorp raised its stake in shares of CenterPoint Energy by 2.4% in the first quarter. Fifth Third Bancorp now owns 20,838 shares of the utilities provider’s stock valued at $755,000 after buying an additional 489 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of CenterPoint Energy by 106.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,108 shares of the utilities provider’s stock valued at $2,685,000 after buying an additional 38,292 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CNP. Evercore ISI began coverage on CenterPoint Energy in a research note on Monday, October 6th. They set an “in-line” rating and a $42.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Wednesday, October 8th. Mizuho boosted their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Scotiabank boosted their price objective on 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, BMO Capital Markets boosted their price objective on CenterPoint Energy from $39.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, October 2nd. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.68.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $39.49 on Wednesday. The firm has a market capitalization of $25.78 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.76 and a beta of 0.57. 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 stock’s 50-day simple moving average is $38.33 and its two-hundred day simple moving average is $37.48. CenterPoint Energy, Inc. has a twelve month low of $28.57 and a twelve month high of $40.50.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio is currently 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.