CenterPoint Energy, Inc. $CNP Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,203 shares of the utilities provider’s stock after buying an additional 14,458 shares during the quarter. Yousif Capital Management LLC’s holdings in CenterPoint Energy were worth $3,871,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNP. Keating Financial Advisory Services Inc. acquired a new position in CenterPoint Energy during the second quarter worth approximately $27,000. MidFirst Bank purchased a new position in CenterPoint Energy during the second quarter worth approximately $38,000. Rexford Capital Inc. acquired a new position in shares of CenterPoint Energy in the 1st quarter valued at $39,000. Transamerica Financial Advisors LLC acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at $40,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of CenterPoint Energy during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CNP opened at $41.15 on Tuesday. CenterPoint Energy, Inc. has a 52-week low of $36.37 and a 52-week high of $45.26. The company has a 50 day moving average of $39.02 and a two-hundred day moving average of $41.45. The company has a market cap of $27.11 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.72 and a beta of 0.47. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the firm posted $0.29 EPS. On average, analysts expect that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio is presently 56.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNP. KeyCorp dropped their price objective on CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. HSBC assumed coverage on CenterPoint Energy in a report on Thursday, October 22nd. They issued a “buy” rating and a $44.00 target price on the stock. Royal Bank Of Canada initiated coverage on CenterPoint Energy in a research report on Tuesday, September 15th. They set a “sector perform” rating and a $40.00 price target for the company. TD Cowen started coverage on CenterPoint Energy in a research note on Thursday. They set a “buy” rating and a $47.00 price target for the company. Finally, Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.24.

CenterPoint Energy Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.