Schroder Investment Management Group boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 43.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 418,881 shares of the utilities provider’s stock after purchasing an additional 126,753 shares during the quarter. Schroder Investment Management Group owned 0.10% of CenterPoint Energy worth $12,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CNP. Paradigm Asset Management Co. LLC increased its holdings in CenterPoint Energy by 2.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after buying an additional 100 shares during the period. IHT Wealth Management LLC bought a new position in CenterPoint Energy in the 2nd quarter valued at about $153,000. Pinebridge Investments L.P. bought a new position in CenterPoint Energy in the 2nd quarter valued at about $154,000. Eagle Ridge Investment Management bought a new position in CenterPoint Energy in the 3rd quarter valued at about $201,000. Finally, Buckingham Asset Management LLC bought a new position in CenterPoint Energy in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

CNP has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 price target on shares of CenterPoint Energy in a report on Monday, September 11th. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $28.82 to $29.00 in a report on Monday, August 14th. J P Morgan Chase & Co set a $30.00 target price on shares of CenterPoint Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Citigroup lifted their target price on shares of CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.89.

Shares of CenterPoint Energy, Inc. (NYSE:CNP) traded down $0.15 during midday trading on Friday, hitting $28.86. 3,001,800 shares of the stock were exchanged, compared to its average volume of 2,828,551. The firm has a market cap of $12,440.00, a P/E ratio of 22.15, a P/E/G ratio of 3.87 and a beta of 0.62. CenterPoint Energy, Inc. has a 1 year low of $23.75 and a 1 year high of $30.45. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts expect that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a yield of 3.71%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 77.54%.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $88,080 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Schroder Investment Management Group Has $12.21 Million Holdings in CenterPoint Energy, Inc. (CNP)” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/schroder-investment-management-group-has-12-21-million-holdings-in-centerpoint-energy-inc-cnp/1751985.html.

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.

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

Receive News & Ratings for CenterPoint Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.