Posted by admin on Aug 25th, 2022 
Aaron Wealth Advisors LLC bought a new position in CenterPoint Energy, Inc. (NYSE:CNP – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,802 shares of the utilities provider’s stock, valued at approximately $222,000.
Other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance boosted its stake in shares of CenterPoint Energy by 3.2% during the first quarter. Independent Advisor Alliance now owns 10,767 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 337 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of CenterPoint Energy by 1.1% during the first quarter. New Mexico Educational Retirement Board now owns 36,597 shares of the utilities provider’s stock valued at $1,121,000 after purchasing an additional 400 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in CenterPoint Energy by 0.3% in the 4th quarter. Panagora Asset Management Inc. now owns 126,558 shares of the utilities provider’s stock worth $3,532,000 after acquiring an additional 413 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CenterPoint Energy by 0.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,563 shares of the utilities provider’s stock worth $1,795,000 after acquiring an additional 460 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CenterPoint Energy by 1.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,327 shares of the utilities provider’s stock worth $1,174,000 after purchasing an additional 462 shares in the last quarter. 90.98% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of CenterPoint Energy from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI increased their target price on CenterPoint Energy to $33.00 in a research note on Tuesday, August 9th. KeyCorp lowered their target price on shares of CenterPoint Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Barclays decreased their price objective on shares of CenterPoint Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Finally, StockNews.com upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.08.
CNP stock opened at $32.27 on Thursday. The firm has a 50-day simple moving average of $30.32 and a 200-day simple moving average of $30.13. CenterPoint Energy, Inc. has a 52 week low of $24.33 and a 52 week high of $33.00. The stock has a market capitalization of $20.31 billion, a P/E ratio of 13.28, a P/E/G ratio of 5.94 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 1.03 and a debt-to-equity ratio of 1.43.
CenterPoint Energy (NYSE:CNP – Get Rating) last issued its earnings results on Tuesday, August 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CenterPoint Energy had a return on equity of 10.92% and a net margin of 18.16%. During the same period in the prior year, the firm posted $0.36 earnings per share. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.23%. CenterPoint Energy’s dividend payout ratio is currently 29.63%.
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CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.
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