Allspring Global Investments Holdings LLC Decreases Stock Holdings in CenterPoint Energy, Inc. $CNP

Allspring Global Investments Holdings LLC decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,424 shares of the utilities provider’s stock after selling 36,078 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of CenterPoint Energy worth $13,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Board of the Pension Protection Fund purchased a new position in shares of CenterPoint Energy during the 2nd quarter valued at approximately $937,000. Vanguard Personalized Indexing Management LLC raised its stake in CenterPoint Energy by 24.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,765 shares of the utilities provider’s stock valued at $2,122,000 after purchasing an additional 11,521 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in CenterPoint Energy by 8.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,456 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 964 shares during the last quarter. Inspire Investing LLC raised its stake in CenterPoint Energy by 4.2% in the 2nd quarter. Inspire Investing LLC now owns 73,475 shares of the utilities provider’s stock valued at $2,699,000 after purchasing an additional 2,992 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in CenterPoint Energy by 2.2% in the 2nd quarter. Aberdeen Group plc now owns 1,528,343 shares of the utilities provider’s stock valued at $56,151,000 after purchasing an additional 33,606 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.1%

Shares of CNP opened at $39.65 on Friday. CenterPoint Energy, Inc. has a 52-week low of $28.57 and a 52-week high of $40.50. The company has a market capitalization of $25.88 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.84 and a beta of 0.57. The stock has a fifty day simple moving average of $38.39 and a two-hundred day simple moving average of $37.54. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP) last issued its 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). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the business 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 forecast 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 will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 61.54%.

Analyst Ratings Changes

Several research firms recently commented on CNP. JPMorgan Chase & Co. increased 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, July 15th. UBS Group increased their price objective 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 increased 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. Morgan Stanley reduced their price objective on CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Scotiabank increased 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. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, CenterPoint Energy currently has a consensus rating of “Hold” and an average target price of $40.45.

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.