Janus Henderson Group PLC Buys 143,291 Shares of CenterPoint Energy, Inc. (CNP)
Janus Henderson Group PLC lifted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,693,486 shares of the utilities provider’s stock after purchasing an additional 143,291 shares during the quarter. Janus Henderson Group PLC owned about 1.09% of CenterPoint Energy worth $137,096,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in CNP. IHT Wealth Management LLC bought a new position in CenterPoint Energy in the second quarter valued at $153,000. Paradigm Asset Management Co. LLC increased its stake in CenterPoint Energy by 2.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 100 shares during the last quarter. Pinebridge Investments L.P. bought a new position in CenterPoint Energy in the second quarter valued at $154,000. Eagle Ridge Investment Management bought a new position in CenterPoint Energy in the third quarter valued at $201,000. Finally, Buckingham Asset Management LLC bought a new position in CenterPoint Energy in the third quarter valued at $201,000. 77.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at $28.38 on Wednesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.91. CenterPoint Energy, Inc. has a 1 year low of $23.95 and a 1 year high of $30.45. The stock has a market cap of $12,435.32, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.85 and a beta of 0.62.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Thursday, November 16th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.07 annualized dividend and a yield of 3.77%. CenterPoint Energy’s payout ratio is 78.10%.
A number of research analysts recently commented on the company. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. Zacks Investment Research cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. BidaskClub raised CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Bank of America assumed coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, SunTrust Banks reissued a “hold” rating and issued a $30.00 target price on shares of CenterPoint Energy in a research note on Monday, October 2nd. Eleven equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.89.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.08, for a total transaction of $29,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 3,000 shares of company stock valued at $88,080. Company insiders own 0.20% of the company’s stock.
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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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