CenterPoint Energy, Inc. $CNP Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 0.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 350,484 shares of the utilities provider’s stock after buying an additional 2,972 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in CenterPoint Energy were worth $12,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CNP. Nuveen LLC acquired a new position in shares of CenterPoint Energy during the 1st quarter valued at about $92,025,000. GQG Partners LLC acquired a new position in shares of CenterPoint Energy during the 1st quarter valued at about $78,632,000. Millennium Management LLC boosted its position in shares of CenterPoint Energy by 2,845.6% during the 1st quarter. Millennium Management LLC now owns 1,938,231 shares of the utilities provider’s stock valued at $70,222,000 after acquiring an additional 1,872,429 shares during the last quarter. American Century Companies Inc. boosted its position in shares of CenterPoint Energy by 50.2% during the 1st quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider’s stock valued at $185,434,000 after acquiring an additional 1,709,682 shares during the last quarter. Finally, Reaves W H & Co. Inc. boosted its position in shares of CenterPoint Energy by 58.4% during the 1st quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider’s stock valued at $158,891,000 after acquiring an additional 1,616,181 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays boosted their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Morgan Stanley lowered their price target on shares of CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Mizuho boosted their price objective on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 30th. UBS Group boosted their price objective on shares of CenterPoint Energy from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Wall Street Zen lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $40.45.

CenterPoint Energy Stock Down 0.1%

Shares of NYSE:CNP opened at $39.65 on Monday. 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 firm 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 firm’s 50-day moving average is $38.39 and its two-hundred day moving average is $37.54. CenterPoint Energy, Inc. has a 1 year low of $28.57 and a 1 year high of $40.50.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 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 for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

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 issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio 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.