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2025-01-12
OneDigital Investment Advisors LLC lifted its holdings in CenterPoint Energy, Inc. ( NYSE:CNP – Free Report ) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,497 shares of the utilities provider’s stock after purchasing an additional 590 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in CenterPoint Energy were worth $250,000 as of its most recent SEC filing. Several other large investors have also added to or reduced their stakes in the business. Boston Partners lifted its position in CenterPoint Energy by 3.3% during the 1st quarter. Boston Partners now owns 17,545,528 shares of the utilities provider’s stock worth $499,962,000 after buying an additional 556,802 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in CenterPoint Energy by 38.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,602,621 shares of the utilities provider’s stock worth $302,070,000 after acquiring an additional 2,961,464 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in CenterPoint Energy by 46.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,666,563 shares of the utilities provider’s stock valued at $144,570,000 after purchasing an additional 1,484,079 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in CenterPoint Energy by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 4,043,757 shares of the utilities provider’s stock valued at $125,275,000 after purchasing an additional 53,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of CenterPoint Energy by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,611,909 shares of the utilities provider’s stock worth $80,914,000 after purchasing an additional 200,693 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock. Analyst Ratings Changes CNP has been the subject of several analyst reports. Bank of America assumed coverage on shares of CenterPoint Energy in a research note on Thursday, September 12th. They issued a “neutral” rating and a $29.00 target price for the company. StockNews.com downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Morgan Stanley dropped their target price on shares of CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday. Scotiabank lifted their price target on CenterPoint Energy from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company upped their price objective on CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.00. CenterPoint Energy Price Performance Shares of NYSE CNP opened at $31.93 on Friday. The firm has a market cap of $20.81 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 2.72 and a beta of 0.92. The business’s 50 day moving average is $29.71 and its 200-day moving average is $29.17. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $32.34. CenterPoint Energy ( NYSE:CNP – Get Free Report ) last posted its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. During the same quarter last year, the business earned $0.40 EPS. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year. CenterPoint Energy Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 2.63%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.20. CenterPoint Energy’s payout ratio is currently 55.63%. CenterPoint Energy Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. ( NYSE:CNP – Free Report ). Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter .rich9 com agent sign up

SMITHFIELD, R.I. (AP) — Malik Grant rushed for 204 yards and three touchdowns and Rhode Island beat Bryant 35-21 on Saturday to capture its first league title in 39 years. Rhode Island (10-2, 7-1 Coastal Athletic Association) secured the program's seventh title, with each of the previous six coming in the Yankee Conference. The Rams tied a program record for total wins in a season with 10, first set in 1984 and matched in 1985. Hunter Helms threw for 209 yards with one touchdown and one interception for Rhode Island. Grant also added his first touchdown reception of the season. Grant rushed for 47 yards on the first snap of the second half. He ran for 56 yards on the drive that ended with his 4-yard touchdown catch for a 20-14 lead. An interception by Braden Price on the ensuing Bryant possession set up another Grant rushing touchdown. Bryant scored in the fourth quarter to make it a one-score game, but a 15-play, 72-yard drive ended with a 3-yard touchdown run by Grant. Grant's 13 rushing touchdowns are tied for Rhode Island's single-season record set last season by Ja’Den McKenzie. Brennan Myer threw for 189 yards with two touchdowns and two interceptions for Bryant (2-10, 0-8). Dylan Kedzior rushed for 80 yards and a touchdown, and Landon Ruggieri caught eight passes for 105 yards and a score. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football£125 M&S coat is 'warm and cosy' and fans say 'it's like wearing a duvet'Capitolis Announces New Strategic Investments from Citi, Morgan Stanley, State Street and UBSSpaDeX Mission: ISRO Aims To Achieve Space Docking Capabilities With Upcoming PSLV-C60 Launch on December 30

At Israel's Ben Gurion International Airport, more than a year of war has taken its toll. Global airlines have canceled flights, gates are empty and pictures of hostages still held in the Gaza Strip guide the few arriving passengers to baggage claim. But one check-in desk remains flush with travelers: the one serving flights to the United Arab Emirates, which have kept up a bridge for Israelis to the outside world throughout the war. The Emirati flights, in addition to bolstering airlines' bottom lines, have shined a light on the countries' burgeoning ties — which have survived the wars raging across the Middle East and could be further strengthened as U.S. President-elect Donald Trump prepares to return to office. "It's a political and economic statement," said Joshua Teitelbaum, a professor of Middle Eastern studies at Israel's BarIlan University. "They are the main foreign airlines that continue to fly." People are also reading... Since the wars began with Hamas' initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel's main gateway to the rest of the world. The concern is real for the carriers, who remember the downing of Malaysia Airlines Flight 17 over Ukraine 10 years ago and Iran shooting down Ukraine International Airlines Flight 752 after takeoff from Tehran in 2020. But FlyDubai, the sister airline to the long-haul carrier Emirates, has kept up multiple flights daily and kept Israel connected to the wider world even as its other low-cost competitors have stopped flights. Abu Dhabi's Etihad has continued its flights as well. While maintaining the flight schedule remains politically important for the UAE after its 2020 diplomatic recognition of Israel, it also provided a further shot in the arm for revenues — particularly for FlyDubai. Since the Israeli's wars against Hamas in Gaza and Hezbollah in Lebanon started, international carriers such as Atlanta-based Delta Air Lines, Germany's Lufthansa and other major airlines halted their flights. Some resumed, only to stop again after Iran's Oct. 1 ballistic missile attack on Israel and Israel's Oct. 26 retaliatory strike on the Islamic Republic. Tehran has threatened to strike Israel again. That's brought major business to Israel's national carrier El Al, which had struggled in the coronavirus pandemic and prior years. The airline posted its best ever half-year results this year, recording a $227 million profit as compared to $58 million profit in the same period last year. El Al stock has risen by as much 200% over the past year, as compared to a 29% rise in the wider Tel Aviv 125 stock market index. El Al, however, lacks the routes and connections of major international carriers. Low-cost carriers as well have stopped flying into Israel during periods of the war, sending the price of El Al tickets ever higher. Passenger numbers through Ben Gurion halved compared to the same period the year before, El Al said in its second-quarter financial results. However, FlyDubai has kept flying. The carrier has operated more than 1,800 flights to Israel since October 2023, cancelling only 77 flights overall, according to Cirium, an aviation analytics company. In September alone, it flew more than 200 flights. As a line snaked toward the FlyDubai check-in counters at Ben Gurion Airport, UAE-bound Motti Eis said the flights were "a symbol that the Emirates countries decided to keep the peace." FlyDubai declined to answer questions from The Associated Press about the flights. Etihad, the flag carrier for Abu Dhabi, has kept flying into Tel Aviv, but the number of its flights has been dwarfed by FlyDubai. FlyDubai had 3.6% market share at Ben Gurion, compared to El Al's 43.2% in the second half of 2024. However, at least two of the foreign low-cost airlines with greater market, Wizz Air and Blue Bird, stopped flying for extended periods this year. Etihad said it maintains a close watch on the situation in the region, but continues its daily flights to and from Tel Aviv. "Ben Gurion International Airport remains open, employing best practices in safety and security practices, enabling Etihad and other airlines to provide essential air connectivity as long as it is secure to do so," the airline said in a statement. Beyond the financial impact, the decision also takes root in the UAE's decision to recognize Israel in 2020 under agreements brokered by President Donald Trump known as the Abraham Accords. While Abu Dhabi has repeatedly expressed concern and outrage at Israel's conduct during the wars, Israel's consulate in Dubai and embassy remain open in the country. And while Dubai, broadly speaking, remains focused on business in the country, Abu Dhabi's focus long has been on its geopolitical aims — which since the 2011 Arab Spring have been squarely focused on challenging Islamist movements and those who back them in the wider region. The UAE, a hereditary autocracy, long has viewed those groups as serious challenges to its power. Be the first to knowNone

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