FDx Advisors Inc. lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,369 shares of the utilities provider’s stock after buying an additional 3,712 shares during the quarter. FDx Advisors Inc.’s holdings in CenterPoint Energy were worth $916,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CNP. IHT Wealth Management LLC purchased a new stake in CenterPoint Energy during the second quarter worth $153,000. Paradigm Asset Management Co. LLC boosted its position in CenterPoint Energy by 2.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 100 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of CenterPoint Energy in the second quarter worth $154,000. Huntington National Bank raised its holdings in shares of CenterPoint Energy by 58.1% in the second quarter. Huntington National Bank now owns 6,121 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Eagle Ridge Investment Management acquired a new position in shares of CenterPoint Energy in the third quarter worth $201,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.
Shares of CenterPoint Energy, Inc. (NYSE CNP) opened at $29.03 on Friday. CenterPoint Energy, Inc. has a 1 year low of $23.14 and a 1 year high of $30.45. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $12,650.83, a PE ratio of 22.41, a PEG ratio of 4.06 and a beta of 0.64.
CenterPoint Energy (NYSE:CNP) last issued its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. research analysts expect that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 16th will be issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, November 15th. CenterPoint Energy’s dividend payout ratio is currently 78.10%.
A number of research firms have recently weighed in on CNP. BidaskClub raised CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America Corporation began coverage on CenterPoint Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price target for the company. SunTrust Banks, Inc. reissued a “hold” rating and issued a $30.00 price target on shares of CenterPoint Energy in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co set a $30.00 price target on CenterPoint Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Nine analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.75.
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In related news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 3,000 shares of company stock valued at $88,300 in the last three months. 0.20% of the stock is currently owned by company insiders.
CenterPoint Energy 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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