511,217 Shares in CenterPoint Energy, Inc. (CNP) Purchased by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 511,217 shares of the utilities provider’s stock, valued at approximately $13,997,000. Dana Investment Advisors Inc. owned 0.12% of CenterPoint Energy at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AXA bought a new stake in CenterPoint Energy during the 1st quarter worth approximately $3,436,000. BlackRock Inc. raised its position in shares of CenterPoint Energy by 1,521.6% during the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock valued at $1,076,193,000 after buying an additional 36,627,665 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of CenterPoint Energy by 160.1% during the second quarter. Federated Investors Inc. PA now owns 84,599 shares of the utilities provider’s stock valued at $2,316,000 after buying an additional 52,078 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $5,476,000. Finally, Swiss National Bank raised its position in shares of CenterPoint Energy by 2.8% during the second quarter. Swiss National Bank now owns 1,490,722 shares of the utilities provider’s stock valued at $40,816,000 after buying an additional 41,000 shares during the last quarter. Institutional investors own 76.87% of the company’s stock.
CenterPoint Energy, Inc. (CNP) remained flat at $28.99 during midday trading on Thursday. 1,074,013 shares of the company traded hands. The stock has a 50 day moving average of $29.57 and a 200 day moving average of $28.41. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 20.71 and a beta of 0.62. CenterPoint Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $30.45.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $0.17 EPS. The business’s quarterly revenue was up 36.1% on a year-over-year basis. Analysts expect that CenterPoint Energy, Inc. will post $1.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 16th were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Monday, August 14th. CenterPoint Energy’s dividend payout ratio is currently 76.98%.
Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $28.82 to $29.00 in a research report on Monday, August 14th. Royal Bank Of Canada reiterated a “hold” rating and set a $29.00 price objective on shares of CenterPoint Energy in a research report on Monday, September 11th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.00.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 3,000 shares of company stock valued at $86,920. 0.20% of the stock is owned by corporate insiders.
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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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