Cigna Investments Inc. New Makes New $202,000 Investment in CenterPoint Energy, Inc. (NYSE:CNP)

Cigna Investments Inc. New purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,341 shares of the utilities provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNP. B.O.S.S. Retirement Advisors LLC boosted its stake in CenterPoint Energy by 15.0% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 83,917 shares of the utilities provider’s stock valued at $2,469,000 after acquiring an additional 10,970 shares in the last quarter. Seven Grand Managers LLC acquired a new stake in shares of CenterPoint Energy in the 3rd quarter worth $5,884,000. Teilinger Capital Ltd. purchased a new position in CenterPoint Energy during the 3rd quarter worth $26,478,000. nVerses Capital LLC acquired a new position in CenterPoint Energy during the 3rd quarter valued at about $1,039,000. Finally, V Square Quantitative Management LLC raised its stake in CenterPoint Energy by 11.7% in the third quarter. V Square Quantitative Management LLC now owns 21,940 shares of the utilities provider’s stock valued at $645,000 after buying an additional 2,290 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CNP. StockNews.com lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of CenterPoint Energy from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective for the company. Finally, Morgan Stanley cut their target price on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.46.

CenterPoint Energy Price Performance

Shares of CNP opened at $32.41 on Wednesday. The business’s 50-day moving average is $32.04 and its two-hundred day moving average is $29.99. The company has a market capitalization of $21.12 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.61 and a beta of 0.95. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $33.12. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11.

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.72%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, February 20th. CenterPoint Energy’s dividend payout ratio (DPR) is 55.63%.

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.