CenterPoint Energy, Inc. (CNP) Holdings Maintained by C M Bidwell & Associates Ltd.
C M Bidwell & Associates Ltd. maintained its stake in CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,685 shares of the utilities provider’s stock at the end of the 2nd quarter. C M Bidwell & Associates Ltd.’s holdings in CenterPoint Energy were worth $3,770,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of CenterPoint Energy by 0.4% during the second 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 in the last quarter. Carnegie Capital Asset Management LLC grew its holdings in CenterPoint Energy by 0.3% during the second quarter. Carnegie Capital Asset Management LLC now owns 12,513 shares of the utilities provider’s stock worth $353,000 after acquiring an additional 39 shares during the period. Cleararc Capital Inc. grew its holdings in CenterPoint Energy by 0.8% during the first quarter. Cleararc Capital Inc. now owns 10,542 shares of the utilities provider’s stock worth $291,000 after acquiring an additional 84 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in CenterPoint Energy by 2.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 100 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in CenterPoint Energy by 0.3% during the second quarter. CIBC Asset Management Inc now owns 43,536 shares of the utilities provider’s stock worth $1,192,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 76.87% of the company’s stock.
A number of research firms recently issued reports on CNP. BidaskClub raised CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a report on Monday, October 2nd. Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $28.82 to $29.00 in a report on Monday, August 14th. J P Morgan Chase & Co began coverage on CenterPoint Energy in a report on Thursday, June 29th. They set a “neutral” rating and a $29.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a report on Monday, September 11th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.00.
CenterPoint Energy, Inc. (NYSE:CNP) traded down 0.62% on Friday, reaching $28.88. The company had a trading volume of 2,363,410 shares. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 20.63 and a beta of 0.62. The company’s 50 day moving average price is $29.58 and its 200-day moving average price is $28.43. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $30.45.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. On average, equities analysts predict that CenterPoint Energy, Inc. will post $1.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th were paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, August 14th. CenterPoint Energy’s payout ratio is 76.98%.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Insiders sold 3,000 shares of company stock worth $86,920 in the last three months. 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.
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