Waverton Investment Management Ltd grew its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 21.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,723 shares of the utilities provider’s stock after acquiring an additional 5,420 shares during the period. Waverton Investment Management Ltd’s holdings in CenterPoint Energy were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in CenterPoint Energy by 3.7% in the second quarter. Vanguard Group Inc. now owns 49,060,465 shares of the utilities provider’s stock valued at $1,343,275,000 after purchasing an additional 1,767,259 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in CenterPoint Energy by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 9,550,152 shares of the utilities provider’s stock worth $278,959,000 after purchasing an additional 611,608 shares during the last quarter. FMR LLC boosted its holdings in CenterPoint Energy by 1.2% during the second quarter. FMR LLC now owns 8,841,881 shares of the utilities provider’s stock worth $242,091,000 after purchasing an additional 108,431 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in CenterPoint Energy by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 8,583,166 shares of the utilities provider’s stock worth $250,198,000 after purchasing an additional 554,719 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in CenterPoint Energy by 410.6% during the third quarter. APG Asset Management N.V. now owns 7,214,510 shares of the utilities provider’s stock worth $210,736,000 after purchasing an additional 5,801,591 shares during the last quarter. 77.72% of the stock is owned by institutional investors.
In other news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction on Friday, December 1st. The shares were sold at an average price of $29.39, for a total value of $29,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 3,000 shares of company stock valued at $87,110 in the last quarter. 0.20% of the stock is currently owned by company insiders.
CenterPoint Energy, Inc. (NYSE CNP) traded up $0.15 on Wednesday, hitting $27.52. 4,906,100 shares of the stock were exchanged, compared to its average volume of 3,914,530. CenterPoint Energy, Inc. has a one year low of $25.31 and a one year high of $30.45. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The firm has a market cap of $12,040.00, a P/E ratio of 19.94, a P/E/G ratio of 3.29 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 EPS for the quarter, hitting the consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $0.41 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. equities analysts predict that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.2775 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.11 annualized dividend and a yield of 4.03%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 77.54%.
Several brokerages recently commented on CNP. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America began coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 price target on the stock. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $30.00 price target on shares of CenterPoint Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a research report on Monday, October 2nd. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.33.
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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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