CenterPoint Energy, Inc. $CNP Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 24.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 57,765 shares of the utilities provider’s stock after purchasing an additional 11,521 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in CenterPoint Energy were worth $2,122,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Trust Co. NA increased its holdings in CenterPoint Energy by 21.5% during the 1st quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 293 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of CenterPoint Energy by 17.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider’s stock worth $73,000 after buying an additional 304 shares during the period. Fifth Third Bancorp increased its stake in shares of CenterPoint Energy by 1.6% during the second quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider’s stock worth $778,000 after buying an additional 342 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in CenterPoint Energy by 5.5% in the first quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 392 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in CenterPoint Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 9,359 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CNP shares. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Wednesday, October 8th. Evercore ISI assumed coverage on CenterPoint Energy in a report on Monday, October 6th. They issued an “in-line” rating and a $42.00 target price on the stock. UBS Group raised their price target on CenterPoint Energy from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 10th. BMO Capital Markets upped their price objective on CenterPoint Energy from $39.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.45.

CenterPoint Energy Stock Performance

NYSE CNP opened at $39.71 on Friday. The company has a fifty day moving average of $38.37 and a two-hundred day moving average of $37.52. The company has a market capitalization of $25.93 billion, a PE ratio of 27.77, a P/E/G ratio of 2.86 and a beta of 0.57. CenterPoint Energy, Inc. has a 1 year low of $28.57 and a 1 year 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 posted its 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 firm had revenue of $1.94 billion during 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 period in the previous year, the firm posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

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