Mutual of America Capital Management LLC Has $2.75 Million Holdings in CenterPoint Energy, Inc. $CNP

Mutual of America Capital Management LLC lessened its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 1.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 74,842 shares of the utilities provider’s stock after selling 936 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CenterPoint Energy were worth $2,750,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CNP. N.E.W. Advisory Services LLC acquired a new stake in shares of CenterPoint Energy in the 1st quarter valued at approximately $25,000. ST Germain D J Co. Inc. acquired a new stake in CenterPoint Energy during the 2nd quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in CenterPoint Energy during the 1st quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new stake in CenterPoint Energy during the 2nd quarter valued at $29,000. Finally, Ameritas Advisory Services LLC acquired a new stake in CenterPoint Energy during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.1%

CNP opened at $39.56 on Friday. CenterPoint Energy, Inc. has a fifty-two week low of $28.57 and a fifty-two week high of $40.50. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.61 and a current ratio of 0.51. The company has a market capitalization of $25.82 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.84 and a beta of 0.57. The stock has a fifty day moving average of $38.54 and a 200-day moving average of $37.66.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, October 23rd. The utilities provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. CenterPoint Energy had a return on equity of 10.25% and a net margin of 11.37%.The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.31 earnings per share. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a $0.22 dividend. The ex-dividend date is Thursday, November 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 55.70%.

Wall Street Analysts Forecast Growth

CNP has been the subject of several research reports. BMO Capital Markets raised their price target on CenterPoint Energy from $39.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Barclays raised their price target on CenterPoint Energy from $40.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a report on Friday. JPMorgan Chase & Co. raised their price target on CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.25.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.