CenterPoint Energy, Inc. (NYSE:CNP) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,591 shares of the utilities provider’s stock after buying an additional 2,627 shares during the period. ProShare Advisors LLC’s holdings in CenterPoint Energy were worth $6,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new position in shares of CenterPoint Energy in the 4th quarter valued at $28,000. Assetmark Inc. increased its stake in CenterPoint Energy by 657.1% in the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 782 shares during the period. VSM Wealth Advisory LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $32,000. CoreCap Advisors LLC raised its holdings in shares of CenterPoint Energy by 58.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider’s stock valued at $34,000 after buying an additional 400 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of CenterPoint Energy during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

CNP has been the subject of several analyst reports. Guggenheim downgraded CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Evercore ISI lifted their price objective on shares of CenterPoint Energy from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Barclays raised shares of CenterPoint Energy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $30.00 to $37.00 in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets raised their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and an average price target of $35.79.

CenterPoint Energy Trading Up 1.0%

Shares of CNP opened at $37.59 on Monday. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $39.31. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $24.53 billion, a P/E ratio of 23.64, a PEG ratio of 2.71 and a beta of 0.63. The firm’s 50-day moving average is $36.80 and its two-hundred day moving average is $33.80.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company earned $0.55 EPS. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, May 15th. CenterPoint Energy’s dividend payout ratio is currently 59.06%.

CenterPoint Energy Profile

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.