DekaBank Deutsche Girozentrale boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 117.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,073 shares of the utilities provider’s stock after acquiring an additional 64,321 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CenterPoint Energy were worth $3,511,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in CenterPoint Energy by 0.4% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 9,431 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 33 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its stake in CenterPoint Energy by 0.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 12,513 shares of the utilities provider’s stock valued at $353,000 after buying an additional 39 shares during the period. Paradigm Asset Management Co. LLC lifted its stake in CenterPoint Energy by 2.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc lifted its stake in CenterPoint Energy by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,536 shares of the utilities provider’s stock valued at $1,192,000 after buying an additional 144 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in CenterPoint Energy by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the utilities provider’s stock valued at $731,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 78.54% of the company’s stock.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 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 Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $88,300. Corporate insiders own 0.20% of the company’s stock.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at $29.12 on Tuesday. CenterPoint Energy, Inc. has a 1 year low of $23.36 and a 1 year high of $30.45. The stock has a market capitalization of $12,440.00, a P/E ratio of 22.14, a P/E/G ratio of 4.00 and a beta of 0.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm earned $0.41 EPS. CenterPoint Energy’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities analysts expect that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 16th will be given a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, November 15th. CenterPoint Energy’s dividend payout ratio is presently 77.54%.
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Several equities analysts have weighed in on CNP shares. Bank of America Corporation started coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 target price on the stock. BidaskClub raised CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. J P Morgan Chase & Co set a $30.00 price target on CenterPoint Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a research report on Monday, October 2nd. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.89.
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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