Great West Life Assurance Co. Can decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 375,035 shares of the utilities provider’s stock after selling 10,636 shares during the period. Great West Life Assurance Co. Can owned approximately 0.09% of CenterPoint Energy worth $10,916,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ETRADE Capital Management LLC increased its position in CenterPoint Energy by 96.9% during the 3rd quarter. ETRADE Capital Management LLC now owns 15,883 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 7,816 shares during the period. Monroe Bank & Trust MI boosted its stake in shares of CenterPoint Energy by 6.1% during the 3rd quarter. Monroe Bank & Trust MI now owns 29,264 shares of the utilities provider’s stock worth $721,000 after acquiring an additional 1,691 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of CenterPoint Energy by 7.3% during the 3rd quarter. Norinchukin Bank The now owns 32,081 shares of the utilities provider’s stock worth $937,000 after acquiring an additional 2,174 shares in the last quarter. ING Groep NV boosted its stake in shares of CenterPoint Energy by 16.5% during the 3rd quarter. ING Groep NV now owns 56,112 shares of the utilities provider’s stock worth $1,639,000 after acquiring an additional 7,958 shares in the last quarter. Finally, Icon Advisers Inc. Co. boosted its stake in shares of CenterPoint Energy by 70.9% during the 3rd quarter. Icon Advisers Inc. Co. now owns 233,100 shares of the utilities provider’s stock worth $6,809,000 after acquiring an additional 96,700 shares in the last quarter. Institutional investors own 77.98% of the company’s stock.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the company’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 document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
Shares of CenterPoint Energy, Inc. (NYSE CNP) opened at $29.36 on Tuesday. CenterPoint Energy, Inc. has a 52 week low of $23.73 and a 52 week high of $30.45. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $12,660.00, a P/E ratio of 22.54, a P/E/G ratio of 4.08 and a beta of 0.62.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company earned $0.41 EPS. CenterPoint Energy’s revenue was up 11.1% on a year-over-year basis. equities analysts forecast that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 16th will be paid a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Wednesday, November 15th. CenterPoint Energy’s payout ratio is currently 77.54%.
Several equities research analysts have recently commented on CNP shares. BidaskClub raised CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $28.82 to $29.00 in a research note on Monday, August 14th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price target on shares of CenterPoint Energy in a research note on Monday, September 11th. SunTrust Banks reissued a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co set a $30.00 price target on CenterPoint Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.89.
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CenterPoint Energy Company 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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