Teachers Advisors LLC lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,964,638 shares of the utilities provider’s stock after buying an additional 209,856 shares during the period. Teachers Advisors LLC owned about 0.46% of CenterPoint Energy worth $53,792,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in CNP. BlackRock Inc. boosted its position in shares of CenterPoint Energy by 1,521.6% during the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock valued at $1,076,193,000 after buying an additional 36,627,665 shares during the last quarter. Vanguard Group Inc. lifted its holdings in CenterPoint Energy by 5.3% during the first quarter. Vanguard Group Inc. now owns 47,293,206 shares of the utilities provider’s stock worth $1,303,873,000 after acquiring an additional 2,359,375 shares during the period. AJO LP lifted its holdings in CenterPoint Energy by 74.9% during the second quarter. AJO LP now owns 2,540,198 shares of the utilities provider’s stock worth $69,551,000 after acquiring an additional 1,087,736 shares during the period. Janus Capital Management LLC lifted its holdings in CenterPoint Energy by 30.5% during the first quarter. Janus Capital Management LLC now owns 3,812,467 shares of the utilities provider’s stock worth $105,110,000 after acquiring an additional 891,785 shares during the period. Finally, State Street Corp lifted its holdings in CenterPoint Energy by 3.6% during the first quarter. State Street Corp now owns 23,857,898 shares of the utilities provider’s stock worth $657,763,000 after acquiring an additional 818,887 shares during the period. 76.89% of the stock is currently owned by institutional investors.
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A number of analysts recently commented on CNP shares. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. J P Morgan Chase & Co started coverage on CenterPoint Energy in a report on Thursday, June 29th. They set a “neutral” rating and a $29.00 price target on the stock. Finally, Credit Suisse Group upgraded CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $28.82 to $29.00 in a report on Monday, August 14th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.89.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 3,000 shares of company stock worth $85,500. Company insiders own 0.20% of the company’s stock.
Shares of CenterPoint Energy, Inc. (NYSE CNP) opened at 30.27 on Friday. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 21.62 and a beta of 0.63. CenterPoint Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $30.45. The firm has a 50 day moving average price of $29.30 and a 200 day moving average price of $28.25.
CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The company’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post $1.34 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were paid a $0.2675 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.53%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 76.98%.
CenterPoint Energy Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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