Waverton Investment Management Ltd lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 21.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,723 shares of the utilities provider’s stock after acquiring an additional 5,420 shares during the quarter. Waverton Investment Management Ltd’s holdings in CenterPoint Energy were worth $871,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in CNP. Pacer Advisors Inc. lifted its holdings in shares of CenterPoint Energy by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 8,901 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 696 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of CenterPoint Energy by 138.9% in the 2nd quarter. Schroder Investment Management Group now owns 292,128 shares of the utilities provider’s stock worth $8,022,000 after acquiring an additional 169,868 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of CenterPoint Energy by 4.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 63,552 shares of the utilities provider’s stock worth $1,738,000 after acquiring an additional 2,721 shares during the last quarter. AXA lifted its holdings in shares of CenterPoint Energy by 27.0% in the 2nd quarter. AXA now owns 158,300 shares of the utilities provider’s stock worth $4,334,000 after acquiring an additional 33,700 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CenterPoint Energy by 4.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,220 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 77.50% of the company’s stock.
CenterPoint Energy, Inc. (CNP) opened at $27.72 on Friday. 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 stock has a market cap of $11,950.00, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 3.16 and a beta of 0.62. CenterPoint Energy, Inc. has a 1 year low of $25.51 and a 1 year high of $30.45.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data 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. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. CenterPoint Energy had a net margin of 8.06% and a return on equity of 18.88%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. equities research analysts predict that CenterPoint Energy, Inc. will post 1.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.2775 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s payout ratio is presently 77.54%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. SunTrust Banks reiterated a “hold” rating and set a $28.00 price target on shares of CenterPoint Energy in a report on Tuesday, December 26th. Bank of America assumed coverage on shares of CenterPoint Energy in a report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 price target for the company. Finally, Citigroup upped their price target on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Ten research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. CenterPoint Energy presently has a consensus rating of “Hold” and an average price target of $29.33.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $28.11, for a total transaction of $28,110.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.
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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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