Stifel Financial Corp Has $2.03 Million Holdings in CenterPoint Energy, Inc. (CNP)

Stifel Financial Corp boosted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 542.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,221 shares of the utilities provider’s stock after buying an additional 62,676 shares during the period. Stifel Financial Corp’s holdings in CenterPoint Energy were worth $2,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in CenterPoint Energy by 18.0% during the first quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock worth $102,000 after buying an additional 564 shares during the period. Paradigm Asset Management Co. LLC lifted its holdings in CenterPoint Energy by 2.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after buying an additional 100 shares during the period. Pinebridge Investments L.P. purchased a new stake in CenterPoint Energy during the second quarter worth $154,000. Huntington National Bank lifted its holdings in CenterPoint Energy by 58.1% during the second quarter. Huntington National Bank now owns 6,121 shares of the utilities provider’s stock worth $168,000 after buying an additional 2,250 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in CenterPoint Energy by 13.2% during the second quarter. D.A. Davidson & CO. now owns 7,421 shares of the utilities provider’s stock worth $203,000 after buying an additional 864 shares during the period. Institutional investors own 76.84% of the company’s stock.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $28.23, for a total transaction of $28,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 3,000 shares of company stock valued at $86,920. Insiders own 0.20% of the company’s stock.

Shares of CenterPoint Energy, Inc. (CNP) opened at 29.36 on Monday. CenterPoint Energy, Inc. has a one year low of $21.91 and a one year high of $30.45. The stock’s 50 day moving average price is $29.55 and its 200 day moving average price is $28.49. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 20.97 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The company’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Analysts forecast that CenterPoint Energy, Inc. will post $1.33 earnings per share for the current year.

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A number of analysts have weighed in on CNP shares. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Royal Bank Of Canada restated a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a report on Monday, September 11th. 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 target price for the company. Credit Suisse Group upgraded CenterPoint Energy from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $28.82 to $29.00 in a report on Monday, August 14th. Finally

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in CenterPoint Energy by 18.0% during the first quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock worth $102,000 after buying an additional 564 shares during the period. Paradigm Asset Management Co. LLC lifted its holdings in CenterPoint Energy by 2.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after buying an additional 100 shares during the period. Pinebridge Investments L.P. purchased a new stake in CenterPoint Energy during the second quarter worth $154,000. Huntington National Bank lifted its holdings in CenterPoint Energy by 58.1% during the second quarter. Huntington National Bank now owns 6,121 shares of the utilities provider’s stock worth $168,000 after buying an additional 2,250 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in CenterPoint Energy by 13.2% during the second quarter. D.A. Davidson & CO. now owns 7,421 shares of the utilities provider’s stock worth $203,000 after buying an additional 864 shares during the period. Institutional investors own 76.84% of the company’s stock.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $28.23, for a total transaction of $28,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 3,000 shares of company stock valued at $86,920. Insiders own 0.20% of the company’s stock.

Shares of CenterPoint Energy, Inc. (CNP) opened at 29.36 on Monday. CenterPoint Energy, Inc. has a one year low of $21.91 and a one year high of $30.45. The stock’s 50 day moving average price is $29.55 and its 200 day moving average price is $28.49. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 20.97 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The company’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Analysts forecast that CenterPoint Energy, Inc. will post $1.33 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/16/stifel-financial-corp-has-2-03-million-holdings-in-centerpoint-energy-inc-cnp.html.

A number of analysts have weighed in on CNP shares. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Royal Bank Of Canada restated a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a report on Monday, September 11th. 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 target price for the company. Credit Suisse Group upgraded CenterPoint Energy from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $28.82 to $29.00 in a report on Monday, August 14th. Finally, BidaskClub lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. CenterPoint Energy presently has a consensus rating of “Hold” and an average target price of $28.13.

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.

Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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