Prudential Financial Inc. cut its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,570,209 shares of the utilities provider’s stock after selling 104,530 shares during the period. Prudential Financial Inc. owned 0.36% of CenterPoint Energy worth $45,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in CenterPoint Energy by 0.4% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 9,431 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 33 shares during the period. Carnegie Capital Asset Management LLC raised its position in CenterPoint Energy by 0.3% in 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. Paradigm Asset Management Co. LLC raised its position 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 worth $126,000 after acquiring an additional 100 shares during the period. CIBC Asset Management Inc raised its position in CenterPoint Energy by 0.3% in 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. Finally, Louisiana State Employees Retirement System raised its position in CenterPoint Energy by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the utilities provider’s stock worth $731,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.11% of the company’s stock.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 3,000 shares of company stock worth $88,300. 0.20% of the stock is currently owned by insiders.

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Shares of CenterPoint Energy, Inc. (NYSE CNP) opened at $29.41 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. The stock has a market cap of $12,676.71, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 4.07 and a beta of 0.64. CenterPoint Energy, Inc. has a fifty-two week low of $22.32 and a fifty-two week high of $30.45.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. CenterPoint Energy’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. equities research analysts predict that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be issued a $0.2675 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a yield of 3.64%. CenterPoint Energy’s dividend payout ratio is currently 78.10%.

Several analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and set a $29.00 price objective on shares of CenterPoint Energy in a research report on Monday, September 11th. Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $28.82 to $29.00 in a research report on Monday, August 14th. SunTrust Banks, Inc. restated a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a research report on Monday, October 2nd. J P Morgan Chase & Co set a $30.00 price objective on shares of CenterPoint Energy and gave the company a “hold” rating in a research report on Thursday, October 12th. Finally, BidaskClub upgraded shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Nine analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.75.

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

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