Laurion Capital Management LP lifted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 3,777.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,205,805 shares of the utilities provider’s stock after buying an additional 1,174,705 shares during the quarter. CenterPoint Energy comprises approximately 0.3% of Laurion Capital Management LP’s holdings, making the stock its 12th biggest position. Laurion Capital Management LP owned approximately 0.24% of CenterPoint Energy worth $33,341,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. boosted its position in CenterPoint Energy by 1,372.0% during the second quarter. Braun Bostich & Associates Inc. now owns 4,151 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 3,869 shares during the period. Ropes Wealth Advisors LLC bought a new position in CenterPoint Energy during the second quarter worth $130,000. Signet Financial Management LLC boosted its position in CenterPoint Energy by 649.6% during the second quarter. Signet Financial Management LLC now owns 5,322 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 4,612 shares during the period. FNY Investment Advisers LLC boosted its position in CenterPoint Energy by 2,962.2% during the third quarter. FNY Investment Advisers LLC now owns 6,400 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 6,191 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in CenterPoint Energy by 422.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,396 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 5,171 shares during the period. 79.72% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $27.09, for a total transaction of $108,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is currently owned by company insiders.
CNP opened at $28.05 on Thursday. CenterPoint Energy, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $29.36. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.06 and a quick ratio of 0.90. The firm has a market cap of $14.06 billion, a PE ratio of 20.47, a PEG ratio of 3.01 and a beta of 0.46.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, November 8th. The utilities provider reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). CenterPoint Energy had a return on equity of 14.40% and a net margin of 15.15%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, November 14th. CenterPoint Energy’s dividend payout ratio is currently 81.02%.
A number of research firms have commented on CNP. ValuEngine raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “sell” rating in a research report on Tuesday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of CenterPoint Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 9th. Barclays began coverage on shares of CenterPoint Energy in a research report on Monday, October 22nd. They set a “hold” rating and a $30.00 price objective for the company. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of CenterPoint Energy in a research report on Friday, November 9th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. CenterPoint Energy has a consensus rating of “Hold” and a consensus target price of $29.44.
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CenterPoint Energy Company Profile
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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