WINTON GROUP Ltd reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,996 shares of the utilities provider’s stock after selling 13,396 shares during the quarter. WINTON GROUP Ltd’s holdings in CenterPoint Energy were worth $681,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in CNP. Geode Capital Management LLC raised its stake in shares of CenterPoint Energy by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 5,188,640 shares of the utilities provider’s stock valued at $146,888,000 after buying an additional 394,206 shares in the last quarter. Ashfield Capital Partners LLC raised its stake in shares of CenterPoint Energy by 44.2% in the 4th quarter. Ashfield Capital Partners LLC now owns 19,425 shares of the utilities provider’s stock valued at $551,000 after buying an additional 5,950 shares in the last quarter. Amalgamated Bank raised its stake in shares of CenterPoint Energy by 9.7% in the 4th quarter. Amalgamated Bank now owns 54,309 shares of the utilities provider’s stock valued at $1,540,000 after buying an additional 4,807 shares in the last quarter. Buckingham Asset Management LLC raised its stake in shares of CenterPoint Energy by 39.2% in the 4th quarter. Buckingham Asset Management LLC now owns 9,596 shares of the utilities provider’s stock valued at $272,000 after buying an additional 2,700 shares in the last quarter. Finally, Monroe Bank & Trust MI raised its stake in shares of CenterPoint Energy by 8.5% in the 4th quarter. Monroe Bank & Trust MI now owns 29,264 shares of the utilities provider’s stock valued at $721,000 after buying an additional 2,282 shares in the last quarter. Hedge funds and other institutional investors own 75.81% of the company’s stock.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $28.11, for a total transaction of $28,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Milton Carroll sold 43,363 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $27.20, for a total transaction of $1,179,473.60. The disclosure for this sale can be found here. Insiders have sold a total of 46,363 shares of company stock valued at $1,262,484 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.33 billion. CenterPoint Energy had a net margin of 18.64% and a return on equity of 15.51%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. analysts expect that CenterPoint Energy, Inc. will post 1.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Thursday, February 15th were given a dividend of $0.2775 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s dividend payout ratio (DPR) is 26.88%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Friday, February 2nd. SunTrust Banks set a $27.00 price objective on shares of CenterPoint Energy and gave the company a “hold” rating in a research note on Monday, February 12th. Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. Finally, Citigroup increased their price objective on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.10.
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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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