Crews Bank & Trust Has $311,000 Position in CenterPoint Energy, Inc. $CNP

Crews Bank & Trust reduced its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,478 shares of the utilities provider’s stock after selling 375 shares during the quarter. Crews Bank & Trust’s holdings in CenterPoint Energy were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in CenterPoint Energy by 21.5% in the 1st quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 293 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in CenterPoint Energy by 17.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 304 shares during the last quarter. Fifth Third Bancorp lifted its holdings in CenterPoint Energy by 1.6% in the 2nd quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider’s stock worth $778,000 after purchasing an additional 342 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in CenterPoint Energy by 5.5% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 392 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in CenterPoint Energy by 4.9% in the 1st quarter. Horizon Investments LLC now owns 9,359 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 440 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

CNP opened at $38.82 on Friday. The stock has a market cap of $25.35 billion, a PE ratio of 27.15, a P/E/G 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. CenterPoint Energy, Inc. has a 1 year low of $28.57 and a 1 year high of $40.50. The stock’s 50 day simple moving average is $38.22 and its 200-day simple moving average is $37.29.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data 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 firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.20 billion. CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. During the same quarter in the prior year, the firm posted $0.36 earnings per share. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. Sell-side analysts forecast 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, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio is 61.54%.

Analyst Upgrades and Downgrades

CNP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Morgan Stanley cut their price target on CenterPoint Energy from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Mizuho upped their price target on CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a report on Saturday, September 27th. Finally, BMO Capital Markets upped their price target on CenterPoint Energy from $39.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.68.

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.