Nisa Investment Advisors LLC increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 346,835 shares of the utilities provider’s stock after acquiring an additional 5,901 shares during the period. Nisa Investment Advisors LLC owned approximately 0.08% of CenterPoint Energy worth $9,836,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC bought a new position in shares of CenterPoint Energy during the 3rd quarter valued at $120,000. IHT Wealth Management LLC bought a new position in shares of CenterPoint Energy during the 2nd quarter valued at $153,000. Pinebridge Investments L.P. bought a new position in shares of CenterPoint Energy during the 2nd quarter valued at $154,000. Eagle Ridge Investment Management bought a new position in shares of CenterPoint Energy during the 3rd quarter valued at $201,000. Finally, Buckingham Asset Management LLC bought a new position in shares of CenterPoint Energy during the 3rd quarter valued at $201,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $29.39, for a total transaction of $29,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 3,000 shares of company stock valued at $87,110. 0.20% of the stock is owned by company insiders.
Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America assumed 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 for the company. Guggenheim cut 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 target price 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 issued a $30.00 target price on shares of CenterPoint Energy in a research report on Monday, October 2nd. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.33.
CenterPoint Energy, Inc. (NYSE:CNP) opened at $27.80 on Monday. CenterPoint Energy, Inc. has a 12-month low of $25.33 and a 12-month high of $30.45. The stock has a market cap of $11,982.73, a PE ratio of 20.29, a P/E/G ratio of 3.26 and a beta of 0.62. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.91.
CenterPoint Energy (NYSE:CNP) last issued its quarterly 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. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.07 billion. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. CenterPoint Energy’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. equities analysts anticipate that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.2775 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio (DPR) is currently 78.10%.
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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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