Atlas Capital Advisors LLC Sells 1,157 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Atlas Capital Advisors LLC cut its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 10.0% during the second quarter, Holdings Channel reports. The fund owned 10,461 shares of the utilities provider’s stock after selling 1,157 shares during the quarter. Atlas Capital Advisors LLC’s holdings in CenterPoint Energy were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in CenterPoint Energy in the 4th quarter valued at about $94,750,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of CenterPoint Energy by 38.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,602,621 shares of the utilities provider’s stock worth $302,070,000 after acquiring an additional 2,961,464 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of CenterPoint Energy by 96.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,958,562 shares of the utilities provider’s stock worth $141,666,000 after acquiring an additional 2,428,640 shares during the period. Railway Pension Investments Ltd acquired a new position in shares of CenterPoint Energy in the second quarter valued at approximately $63,758,000. Finally, Reaves W H & Co. Inc. increased its stake in shares of CenterPoint Energy by 391.0% during the fourth quarter. Reaves W H & Co. Inc. now owns 2,314,797 shares of the utilities provider’s stock worth $66,134,000 after purchasing an additional 1,843,333 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.8 %

Shares of CenterPoint Energy stock traded up $0.22 on Friday, hitting $27.30. The stock had a trading volume of 5,815,328 shares, compared to its average volume of 5,285,379. The stock has a 50 day moving average of $28.24 and a 200 day moving average of $28.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.06 and a current ratio of 1.20. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $31.57. The firm has a market capitalization of $17.46 billion, a P/E ratio of 19.23, a PEG ratio of 2.48 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same quarter last year, the firm earned $0.28 earnings per share. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 15th. CenterPoint Energy’s dividend payout ratio is presently 56.34%.

Analysts Set New Price Targets

CNP has been the topic of a number of research reports. Scotiabank decreased their price objective on CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Company downgraded shares of CenterPoint Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $32.00 to $28.00 in a research note on Tuesday, August 13th. JPMorgan Chase & Co. cut shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $29.00 in a research note on Friday, August 2nd. BMO Capital Markets restated a “market perform” rating and set a $28.00 target price on shares of CenterPoint Energy in a research report on Monday. Finally, KeyCorp downgraded shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and an average target price of $29.73.

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.