Arizona State Retirement System Acquires 12,835 Shares of CenterPoint Energy, Inc. (CNP)

Arizona State Retirement System lifted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 381,854 shares of the utilities provider’s stock after purchasing an additional 12,835 shares during the period. Arizona State Retirement System’s holdings in CenterPoint Energy were worth $10,829,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. State of Wisconsin Investment Board increased its position in shares of CenterPoint Energy by 2.1% during the fourth quarter. State of Wisconsin Investment Board now owns 375,676 shares of the utilities provider’s stock worth $10,654,000 after acquiring an additional 7,842 shares in the last quarter. Global Financial Private Capital LLC increased its position in shares of CenterPoint Energy by 22.9% during the fourth quarter. Global Financial Private Capital LLC now owns 64,204 shares of the utilities provider’s stock worth $1,821,000 after acquiring an additional 11,965 shares in the last quarter. Toronto Dominion Bank increased its position in shares of CenterPoint Energy by 13.4% during the fourth quarter. Toronto Dominion Bank now owns 184,396 shares of the utilities provider’s stock worth $5,229,000 after acquiring an additional 21,810 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of CenterPoint Energy by 22.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,241,916 shares of the utilities provider’s stock worth $120,301,000 after acquiring an additional 784,061 shares in the last quarter. Finally, Forsta AP Fonden boosted its holdings in CenterPoint Energy by 11.3% during the fourth quarter. Forsta AP Fonden now owns 130,865 shares of the utilities provider’s stock worth $3,711,000 after purchasing an additional 13,300 shares during the last quarter. 77.85% of the stock is owned by institutional investors.

CenterPoint Energy, Inc. (NYSE:CNP) opened at $26.91 on Friday. CenterPoint Energy, Inc. has a twelve month low of $25.51 and a twelve month high of $30.45. The firm has a market cap of $11,600.00, a PE ratio of 19.50, a P/E/G ratio of 3.01 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.2775 per share. 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 annualized dividend and a yield of 4.12%. CenterPoint Energy’s payout ratio is 80.43%.

Several research analysts recently weighed in on CNP shares. SunTrust Banks restated a “hold” rating and set a $28.00 price target on shares of CenterPoint Energy in a report on Tuesday, December 26th. Zacks Investment Research upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Citigroup boosted their price target on shares of CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Finally, Bank of America started coverage on shares of CenterPoint Energy in a report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $29.11.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $27.91, for a total transaction of $27,910.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 3,000 shares of company stock worth $85,410. 0.20% of the stock is owned by corporate insiders.

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

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