CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by Strs Ohio
Strs Ohio boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 13.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,205 shares of the utilities provider’s stock after buying an additional 8,780 shares during the period. Strs Ohio’s holdings in CenterPoint Energy were worth $2,086,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Highbridge Capital Management LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter valued at about $503,000. Macquarie Group Ltd. boosted its stake in shares of CenterPoint Energy by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 280,143 shares of the utilities provider’s stock valued at $6,903,000 after buying an additional 3,400 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of CenterPoint Energy by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 377,979 shares of the utilities provider’s stock valued at $10,421,000 after buying an additional 11,276 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of CenterPoint Energy by 5.0% in the first quarter. Gulf International Bank UK Ltd now owns 130,791 shares of the utilities provider’s stock valued at $3,605,000 after buying an additional 6,220 shares during the period. Finally, National Pension Service boosted its stake in shares of CenterPoint Energy by 34,046.6% in the first quarter. National Pension Service now owns 389,271 shares of the utilities provider’s stock valued at $10,709,000 after buying an additional 388,131 shares during the period. Institutional investors own 77.16% of the company’s stock.
CenterPoint Energy, Inc. (NYSE:CNP) opened at 29.13 on Friday. The firm’s 50-day moving average is $27.98 and its 200 day moving average is $27.66. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $29.45. The firm has a market capitalization of $12.56 billion, a P/E ratio of 20.81 and a beta of 0.64.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $0.17 EPS. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. On average, analysts expect that CenterPoint Energy, Inc. will post $1.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, August 14th. CenterPoint Energy’s payout ratio is 76.98%.
Several equities research analysts recently issued reports on the company. BidaskClub upgraded CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Finally, J P Morgan Chase & Co assumed coverage on CenterPoint Energy in a research note on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $27.33.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $28.67, for a total transaction of $28,670.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 3,000 shares of company stock valued at $84,560. Insiders own 0.20% of the company’s stock.
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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