NuWave Investment Management LLC Invests $132,000 in CenterPoint Energy, Inc. (CNP)

NuWave Investment Management LLC acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,627 shares of the utilities provider’s stock, valued at approximately $132,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sentry Investment Management LLC increased its holdings in shares of CenterPoint Energy by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 33,735 shares of the utilities provider’s stock valued at $924,000 after acquiring an additional 351 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of CenterPoint Energy by 2.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 16,660 shares of the utilities provider’s stock valued at $456,000 after acquiring an additional 440 shares during the last quarter. Monroe Bank & Trust MI increased its holdings in shares of CenterPoint Energy by 6.1% in the 3rd quarter. Monroe Bank & Trust MI now owns 29,264 shares of the utilities provider’s stock valued at $721,000 after acquiring an additional 1,691 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of CenterPoint Energy by 3.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 52,079 shares of the utilities provider’s stock valued at $1,426,000 after acquiring an additional 1,791 shares during the last quarter. Finally, ARGI Investment Services LLC increased its holdings in shares of CenterPoint Energy by 6.3% in the 3rd quarter. ARGI Investment Services LLC now owns 31,579 shares of the utilities provider’s stock valued at $922,000 after acquiring an additional 1,860 shares during the last quarter. Institutional investors and hedge funds own 77.85% of the company’s stock.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $29.39, for a total transaction of $29,390.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 3,000 shares of company stock valued at $85,410. Insiders own 0.20% of the company’s stock.

Shares of CenterPoint Energy, Inc. (NYSE CNP) opened at $26.19 on Thursday. The stock has a market capitalization of $11,538.77, a PE ratio of 19.12, a P/E/G ratio of 3.01 and a beta of 0.56. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77. CenterPoint Energy, Inc. has a 1 year low of $25.51 and a 1 year high of $30.45.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.2775 dividend. The ex-dividend date is Wednesday, February 14th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. CenterPoint Energy’s dividend payout ratio is 78.10%.

CNP has been the subject of a number of research analyst reports. SunTrust Banks reissued a “hold” rating and issued a $28.00 target price on shares of CenterPoint Energy in a research report on Tuesday, December 26th. Zacks Investment Research raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Citigroup upped their target price on CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Guggenheim cut 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. Finally, Bank of America initiated coverage on CenterPoint Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $29.11.

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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.

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

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