CenterPoint Energy, Inc. (CNP) Shares Sold by Smithfield Trust Co.

Smithfield Trust Co. cut its position in CenterPoint Energy, Inc. (NYSE:CNP) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,870 shares of the utilities provider’s stock after selling 310 shares during the period. Smithfield Trust Co.’s holdings in CenterPoint Energy were worth $188,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its position in CenterPoint Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock worth $102,000 after buying an additional 564 shares in the last quarter. Johnson Financial Group Inc. boosted its position in CenterPoint Energy by 28.8% in the first quarter. Johnson Financial Group Inc. now owns 4,843 shares of the utilities provider’s stock worth $134,000 after buying an additional 1,084 shares in the last quarter. Huntington National Bank boosted its position in CenterPoint Energy by 58.1% in the second quarter. Huntington National Bank now owns 6,121 shares of the utilities provider’s stock worth $168,000 after buying an additional 2,250 shares in the last quarter. Mirador Capital Partners LP acquired a new position in CenterPoint Energy during the first quarter worth approximately $200,000. Finally, Usca Ria LLC acquired a new position in CenterPoint Energy during the first quarter worth approximately $204,000. 77.16% of the stock is currently owned by institutional investors.

CenterPoint Energy, Inc. (NYSE:CNP) opened at 28.74 on Tuesday. The company has a market cap of $12.39 billion, a P/E ratio of 26.61 and a beta of 0.64. The firm has a 50-day moving average price of $27.92 and a 200 day moving average price of $27.54. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $29.08.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.07. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The firm’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. Equities research analysts predict that CenterPoint Energy, Inc. will post $1.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.2675 per share. The ex-dividend date is Monday, August 14th. This represents a $1.07 annualized dividend and a yield of 3.72%. CenterPoint Energy’s dividend payout ratio (DPR) is 76.98%.

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A number of research firms recently commented on CNP. BidaskClub cut CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. J P Morgan Chase & Co assumed coverage on CenterPoint Energy in a report on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target on the stock. Zacks Investment Research downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Deutsche Bank AG lifted their price objective on CenterPoint Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.33.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $28.23, for a total transaction of $28,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 3,000 shares of company stock valued at $84,560. 0.20% of the stock is owned by insiders.

About CenterPoint Energy

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.

Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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