Twin Tree Management LP Lowers Stake in CenterPoint Energy, Inc. $CNP

Twin Tree Management LP lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 89.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,339 shares of the utilities provider’s stock after selling 130,861 shares during the period. Twin Tree Management LP’s holdings in CenterPoint Energy were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CNP. N.E.W. Advisory Services LLC purchased a new stake in CenterPoint Energy during the first quarter worth $25,000. ST Germain D J Co. Inc. purchased a new stake in CenterPoint Energy during the second quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in CenterPoint Energy during the first quarter worth $27,000. Chung Wu Investment Group LLC purchased a new stake in CenterPoint Energy during the second quarter worth $29,000. Finally, Ameritas Advisory Services LLC purchased a new stake in CenterPoint Energy during the second quarter worth $33,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.1%

NYSE CNP opened at $39.65 on Friday. The company has a fifty day simple moving average of $38.39 and a two-hundred day simple moving average of $37.54. The stock has a market cap of $25.88 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.84 and a beta of 0.57. CenterPoint Energy, Inc. has a 12-month low of $28.57 and a 12-month high of $40.50. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.87.

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 analysts’ consensus estimates of $0.44 by ($0.15). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same period in the prior year, the business posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.22 dividend. The ex-dividend date of this dividend 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 currently 61.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CNP shares. Mizuho increased their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. BMO Capital Markets increased their target price on shares of CenterPoint Energy from $39.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, October 2nd. Barclays increased their target price 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. Scotiabank increased their target price on shares of CenterPoint Energy from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Friday, July 25th. Finally, Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.45.

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.