Ashton Thomas Securities LLC Has $481,000 Stock Position in CenterPoint Energy, Inc. $CNP

Ashton Thomas Securities LLC boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 62.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,087 shares of the utilities provider’s stock after purchasing an additional 5,018 shares during the quarter. Ashton Thomas Securities LLC’s holdings in CenterPoint Energy were worth $481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNP. Vanguard Group Inc. increased its stake in CenterPoint Energy by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 80,061,059 shares of the utilities provider’s stock worth $2,900,612,000 after acquiring an additional 671,868 shares during the period. Northern Trust Corp grew its holdings in shares of CenterPoint Energy by 0.9% during the 1st quarter. Northern Trust Corp now owns 5,934,611 shares of the utilities provider’s stock worth $215,011,000 after purchasing an additional 54,596 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in CenterPoint Energy by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,408,135 shares of the utilities provider’s stock worth $195,938,000 after buying an additional 42,536 shares in the last quarter. American Century Companies Inc. increased its holdings in CenterPoint Energy by 50.2% in 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 buying an additional 1,709,682 shares during the period. Finally, Reaves W H & Co. Inc. raised its position in shares of CenterPoint Energy by 58.4% in 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 buying an additional 1,616,181 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $38.82 on Friday. The firm has a market capitalization of $25.35 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.70 and a beta of 0.57. 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 business’s 50-day moving average price is $38.22 and its 200-day moving average price is $37.29. CenterPoint Energy, Inc. has a 12 month low of $28.57 and a 12 month high of $40.50.

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). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.20 billion. CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%.During the same quarter in the prior year, the business earned $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The company 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 dividend of $0.22 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.88 annualized dividend and a yield of 2.3%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 61.54%.

Analyst Ratings Changes

Several research firms recently issued reports on CNP. Barclays increased their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Scotiabank raised their target price on CenterPoint Energy from $40.00 to $42.00 and gave the company a “sector outperform” rating in a report on Friday, July 25th. Mizuho lifted their price target on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday. Wall Street Zen cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Finally, BMO Capital Markets raised their price objective on CenterPoint Energy from $39.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and a consensus price target of $38.68.

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.