Smartleaf Asset Management LLC Sells 432 Shares of CenterPoint Energy, Inc. $CNP

Smartleaf Asset Management LLC cut its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,264 shares of the utilities provider’s stock after selling 432 shares during the period. Smartleaf Asset Management LLC’s holdings in CenterPoint Energy were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Curat Global LLC bought a new stake in shares of CenterPoint Energy in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of CenterPoint Energy in the first quarter valued at about $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of CenterPoint Energy in the first quarter valued at about $27,000. CoreCap Advisors LLC lifted its holdings in shares of CenterPoint Energy by 58.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 400 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted 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 valued at $37,000 after purchasing an additional 691 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $37.72 on Thursday. CenterPoint Energy, Inc. has a 12 month low of $26.32 and a 12 month high of $39.39. The stock’s 50 day moving average is $37.33 and its 200-day moving average is $36.53. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.76 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, July 24th. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the company posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, August 21st. CenterPoint Energy’s payout ratio is 61.54%.

Analyst Ratings Changes

A number of analysts recently issued reports on CNP shares. JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Barclays lifted 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. Scotiabank boosted their price target on CenterPoint Energy from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 25th. Mizuho set a $39.00 price target on CenterPoint Energy and gave the stock a “neutral” rating in a research report on Friday, July 25th. Finally, Morgan Stanley set a $38.00 price target on CenterPoint Energy and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.71.

CenterPoint Energy Company 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.