CenterPoint Energy, Inc. (CNP) Stake Lessened by BLB&B Advisors LLC

BLB&B Advisors LLC decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,056 shares of the utilities provider’s stock after selling 2,903 shares during the period. BLB&B Advisors LLC’s holdings in CenterPoint Energy were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Carnegie Capital Asset Management LLC lifted its position in shares of CenterPoint Energy by 0.3% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 12,513 shares of the utilities provider’s stock valued at $353,000 after buying an additional 39 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of CenterPoint Energy during the 2nd quarter valued at approximately $153,000. Veritable L.P. lifted its position in shares of CenterPoint Energy by 2.9% during the 2nd quarter. Veritable L.P. now owns 11,989 shares of the utilities provider’s stock valued at $328,000 after buying an additional 342 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of CenterPoint Energy by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 33,735 shares of the utilities provider’s stock valued at $924,000 after buying an additional 351 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of CenterPoint Energy by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,660 shares of the utilities provider’s stock valued at $456,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 77.72% of the company’s stock.

Shares of CenterPoint Energy, Inc. (NYSE CNP) traded down $0.06 during mid-day trading on Tuesday, reaching $27.37. The company’s stock had a trading volume of 3,957,800 shares, compared to its average volume of 3,804,355. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. The stock has a market cap of $11,760.00, a price-to-earnings ratio of 19.83, a P/E/G ratio of 3.29 and a beta of 0.62. CenterPoint Energy, Inc. has a 12 month low of $25.25 and a 12 month high of $30.45.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts predict that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.06%. CenterPoint Energy’s dividend payout ratio (DPR) is 77.54%.

CNP has been the topic of a number of recent analyst reports. Bank of America initiated coverage on CenterPoint Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $30.00 target price on CenterPoint Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Finally, SunTrust Banks restated a “hold” rating and issued a $30.00 price objective on shares of CenterPoint Energy in a report on Monday, October 2nd. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.33.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $87,110 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

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CenterPoint Energy Profile

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.

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

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