American Century Companies Inc. boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 151.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 472,453 shares of the utilities provider’s stock after purchasing an additional 284,273 shares during the period. American Century Companies Inc. owned about 0.11% of CenterPoint Energy worth $13,800,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in CenterPoint Energy by 0.4% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 9,431 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 33 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its holdings in 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 purchasing an additional 39 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its holdings in CenterPoint Energy by 2.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in CenterPoint Energy by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 43,536 shares of the utilities provider’s stock valued at $1,192,000 after purchasing an additional 144 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in CenterPoint Energy by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the utilities provider’s stock valued at $731,000 after purchasing an additional 200 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on CNP. BidaskClub raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 price target on shares of CenterPoint Energy in a report on Monday, September 11th. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $28.82 to $29.00 in a report on Monday, August 14th. Bank of America Corporation began coverage on shares of CenterPoint Energy in a report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 price target for the company. Finally, Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Nine investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $28.75.

CenterPoint Energy, Inc. (CNP) opened at $29.00 on Friday. CenterPoint Energy, Inc. has a 12 month low of $23.24 and a 12 month high of $30.45. The firm has a market cap of $12,510.00, a PE ratio of 22.86, a price-to-earnings-growth ratio of 4.14 and a beta of 0.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be paid a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, November 15th. CenterPoint Energy’s dividend payout ratio is presently 77.54%.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.08, for a total value of $29,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $88,300. Insiders own 0.20% of the company’s stock.

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CenterPoint Energy Company 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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