WEALTHFRONT Corp boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,577 shares of the utilities provider’s stock after acquiring an additional 3,837 shares during the period. WEALTHFRONT Corp’s holdings in CenterPoint Energy were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CNP. Braun Bostich & Associates Inc. raised its stake in CenterPoint Energy by 1,372.0% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 4,151 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 3,869 shares during the period. Ropes Wealth Advisors LLC bought a new stake in CenterPoint Energy in the 2nd quarter valued at $130,000. Signet Financial Management LLC raised its stake in CenterPoint Energy by 649.6% in the 2nd quarter. Signet Financial Management LLC now owns 5,322 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 4,612 shares during the period. FNY Investment Advisers LLC raised its stake in CenterPoint Energy by 2,962.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 6,400 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 6,191 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in CenterPoint Energy by 422.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,396 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 5,171 shares during the period. Institutional investors and hedge funds own 79.72% of the company’s stock.

CNP stock opened at $28.55 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 3.01 and a beta of 0.46. CenterPoint Energy, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $29.06.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.26 billion. CenterPoint Energy had a return on equity of 14.40% and a net margin of 15.15%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. As a group, equities analysts expect that CenterPoint Energy, Inc. will post 1.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, November 14th. CenterPoint Energy’s payout ratio is currently 81.02%.

In related news, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $27.54, for a total value of $110,160.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 12,000 shares of company stock worth $331,200 in the last 90 days. 0.22% of the stock is owned by company insiders.

Several research analysts have weighed in on CNP shares. JPMorgan Chase & Co. upgraded CenterPoint Energy from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research report on Wednesday, September 5th. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “sell” rating in a research report on Tuesday, October 9th. ValuEngine cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Barclays started coverage on CenterPoint Energy in a research report on Monday, October 22nd. They set a “hold” rating and a $30.00 price objective on the stock. Finally, Wells Fargo & Co upgraded CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday, October 8th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.44.

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CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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

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