Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 17,033 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Share on StockTwits

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,709 shares of the utilities provider’s stock after purchasing an additional 17,033 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CenterPoint Energy were worth $2,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNP. DNB Asset Management AS boosted its holdings in CenterPoint Energy by 15.7% in the 3rd quarter. DNB Asset Management AS now owns 78,902 shares of the utilities provider’s stock valued at $2,381,000 after purchasing an additional 10,734 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in CenterPoint Energy by 10.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,940 shares of the utilities provider’s stock valued at $933,000 after purchasing an additional 2,938 shares during the period. Assenagon Asset Management S.A. boosted its holdings in CenterPoint Energy by 709.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 126,605 shares of the utilities provider’s stock valued at $3,821,000 after purchasing an additional 110,973 shares during the period. Osborn Williams & Donohoe LLC bought a new stake in CenterPoint Energy in the 3rd quarter valued at $424,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in CenterPoint Energy by 6.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 16,221 shares of the utilities provider’s stock valued at $490,000 after purchasing an additional 944 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

CNP has been the subject of a number of research reports. Credit Suisse Group downgraded shares of CenterPoint Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $31.00 to $28.00 in a report on Thursday, November 14th. Guggenheim raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, January 14th. Morgan Stanley reissued a “hold” rating and issued a $27.00 price target (down from $31.00) on shares of CenterPoint Energy in a report on Monday, November 18th. Mizuho reduced their price target on shares of CenterPoint Energy from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, SunTrust Banks downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.07.

In other news, CEO Scott M. Prochazka sold 7,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.83, for a total transaction of $187,810.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

NYSE:CNP opened at $27.18 on Friday. The company has a 50-day moving average of $26.74 and a 200-day moving average of $27.55. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 3.39 and a beta of 0.44. CenterPoint Energy, Inc. has a 52 week low of $24.25 and a 52 week high of $31.42. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.83 and a current ratio of 0.99.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.27%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 19th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 71.88%.

CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

Featured Article: What moving averages are used to define a golden cross?

Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. (NYSE:CNP).

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

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.