MUFG Securities EMEA plc Invests $5.48 Million in CenterPoint Energy, Inc. (CNP)
MUFG Securities EMEA plc bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 200,000 shares of the utilities provider’s stock, valued at approximately $5,476,000.
Several other institutional investors have also bought and sold shares of CNP. AXA acquired a new position in CenterPoint Energy during the first quarter valued at about $3,436,000. BlackRock Inc. boosted its position in CenterPoint Energy by 1,521.6% in the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock valued at $1,076,193,000 after buying an additional 36,627,665 shares during the period. Sawtooth Solutions LLC boosted its position in CenterPoint Energy by 13.1% in the first quarter. Sawtooth Solutions LLC now owns 10,003 shares of the utilities provider’s stock valued at $276,000 after buying an additional 1,162 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in CenterPoint Energy by 508.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 66,425 shares of the utilities provider’s stock valued at $1,819,000 after buying an additional 55,513 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in CenterPoint Energy by 647.6% in the first quarter. BNP Paribas Arbitrage SA now owns 762,017 shares of the utilities provider’s stock valued at $21,009,000 after buying an additional 660,085 shares during the period. 76.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) traded up 0.03% on Friday, hitting $29.63. The stock had a trading volume of 1,941,378 shares. The company has a market cap of $12.77 billion, a P/E ratio of 21.16 and a beta of 0.63. The company’s 50 day moving average price is $28.75 and its 200-day moving average price is $28.03. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $29.87.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. On average, analysts expect that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.07 annualized dividend and a yield of 3.61%. CenterPoint Energy’s dividend payout ratio (DPR) is 76.98%.
CNP has been the topic of several recent research reports. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. J P Morgan Chase & Co initiated coverage on CenterPoint Energy in a research note on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target on the stock. BidaskClub raised CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $28.82 to $29.00 in a report on Monday, August 14th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. CenterPoint Energy presently has an average rating of “Hold” and a consensus price target of $27.78.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $27.66, for a total transaction of $27,660.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by insiders.
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.
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