Schroder Investment Management Group Has $12.21 Million Holdings in CenterPoint Energy, Inc. (CNP)
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.
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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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