Private Advisor Group LLC lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,850 shares of the utilities provider’s stock after purchasing an additional 1,952 shares during the quarter. Private Advisor Group LLC’s holdings in CenterPoint Energy were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of CenterPoint Energy by 18.0% during the 1st quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 564 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in shares of CenterPoint Energy by 2.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 100 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in shares of CenterPoint Energy by 28.8% during the 1st quarter. Johnson Financial Group Inc. now owns 4,843 shares of the utilities provider’s stock valued at $134,000 after purchasing an additional 1,084 shares during the last quarter. Huntington National Bank grew its holdings in shares of CenterPoint Energy by 58.1% during the 2nd quarter. Huntington National Bank now owns 6,121 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Mirador Capital Partners LP bought a new stake in shares of CenterPoint Energy during the 1st quarter valued at approximately $200,000. 76.89% of the stock is currently owned by institutional investors.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 3,000 shares of company stock valued at $85,500. Insiders own 0.20% of the company’s stock.
CenterPoint Energy, Inc. (NYSE CNP) opened at 30.01 on Friday. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $30.12. The firm has a market cap of $12.94 billion, a P/E ratio of 21.44 and a beta of 0.63. The stock has a 50 day moving average of $29.00 and a 200-day moving average of $28.13.
CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities research analysts predict that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Monday, August 14th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 76.98%.
Several equities research analysts recently issued reports on CNP shares. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co started coverage on shares of CenterPoint Energy in a research report on Thursday, June 29th. They set a “neutral” rating and a $29.00 target price on the stock. Finally, Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $28.82 to $29.00 in a research report on Monday, August 14th. Nine equities research 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 company has an average rating of “Hold” and a consensus price target of $27.78.
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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