Louisbourg Investments Inc. Cuts Position in CenterPoint Energy, Inc. $CNP

Louisbourg Investments Inc. lessened its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 30.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 71,518 shares of the utilities provider’s stock after selling 32,035 shares during the quarter. Louisbourg Investments Inc.’s holdings in CenterPoint Energy were worth $2,628,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of CenterPoint Energy by 8.6% during the first quarter. Janney Montgomery Scott LLC now owns 80,229 shares of the utilities provider’s stock worth $2,907,000 after acquiring an additional 6,377 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of CenterPoint Energy by 8.8% during the first quarter. QRG Capital Management Inc. now owns 19,913 shares of the utilities provider’s stock worth $721,000 after acquiring an additional 1,615 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CenterPoint Energy by 3.1% during the first quarter. Principal Financial Group Inc. now owns 864,175 shares of the utilities provider’s stock worth $31,309,000 after acquiring an additional 26,153 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of CenterPoint Energy by 5.6% during the first quarter. Nisa Investment Advisors LLC now owns 166,743 shares of the utilities provider’s stock worth $6,041,000 after acquiring an additional 8,914 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of CenterPoint Energy by 472.8% in the first quarter. Golden State Wealth Management LLC now owns 1,220 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 1,007 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.3%

CNP opened at $39.22 on Friday. The stock has a market cap of $25.61 billion, a PE ratio of 27.43, a P/E/G ratio of 2.75 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. CenterPoint Energy, Inc. has a 52 week low of $28.57 and a 52 week high of $40.50. The business’s fifty day simple moving average is $38.32 and its 200 day simple moving average is $37.42.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (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 business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous 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, research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued 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 is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio is currently 61.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho upped their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Evercore ISI assumed coverage on shares of CenterPoint Energy in a report on Monday. They issued an “in-line” rating and a $42.00 price target on the stock. UBS Group upped their price target on shares of CenterPoint Energy from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets increased their target price 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. Finally, Scotiabank increased their target price 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 analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and a consensus target price of $39.68.

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.