Texas Permanent School Fund decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,841 shares of the utilities provider’s stock after selling 3,175 shares during the period. Texas Permanent School Fund’s holdings in CenterPoint Energy were worth $3,469,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of CenterPoint Energy during the fourth quarter worth approximately $112,460,000. The Manufacturers Life Insurance Company acquired a new position in CenterPoint Energy during the third quarter valued at approximately $66,260,000. AQR Capital Management LLC boosted its stake in shares of CenterPoint Energy by 49.1% in the fourth quarter. AQR Capital Management LLC now owns 6,681,256 shares of the utilities provider’s stock valued at $164,626,000 after buying an additional 2,199,377 shares during the last quarter. FMR LLC boosted its stake in shares of CenterPoint Energy by 25.9% in the fourth quarter. FMR LLC now owns 8,953,990 shares of the utilities provider’s stock valued at $220,626,000 after buying an additional 1,841,363 shares during the last quarter. Finally, Numeric Investors LLC boosted its stake in shares of CenterPoint Energy by 80.1% in the fourth quarter. Numeric Investors LLC now owns 2,954,603 shares of the utilities provider’s stock valued at $72,801,000 after buying an additional 1,314,103 shares during the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.
Shares of CenterPoint Energy, Inc. (NYSE CNP) traded down 0.59% on Monday, hitting $28.71. 2,624,678 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $28.05 and its 200 day moving average is $26.78. The firm has a market cap of $12.37 billion, a P/E ratio of 26.58 and a beta of 0.62. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $29.08.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. CenterPoint Energy had a net margin of 5.68% and a return on equity of 15.20%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s quarterly revenue was up 37.9% on a year-over-year basis. On average, equities analysts predict that CenterPoint Energy, Inc. will post $1.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, May 12th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 100.00%.
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CNP has been the subject of a number of recent analyst reports. BidaskClub lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays PLC increased their price objective on CenterPoint Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, March 20th. Royal Bank Of Canada downgraded shares of CenterPoint Energy from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $17.00 to $28.00 in a research note on Thursday, March 16th. They noted that the move was a valuation call. Finally, Deutsche Bank AG increased their target price on shares of CenterPoint Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. CenterPoint Energy has an average rating of “Hold” and a consensus price target of $27.50.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $28.67, for a total value of $28,670.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.
About CenterPoint Energy
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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