Sei Investments Co. Has $3.80 Million Stake in CenterPoint Energy, Inc. (CNP)
Sei Investments Co. decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 18.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,153 shares of the utilities provider’s stock after selling 29,910 shares during the period. Sei Investments Co.’s holdings in CenterPoint Energy were worth $3,802,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in CenterPoint Energy by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 49,060,465 shares of the utilities provider’s stock valued at $1,343,275,000 after purchasing an additional 1,767,259 shares during the period. Ameriprise Financial Inc. boosted its holdings in CenterPoint Energy by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 8,938,544 shares of the utilities provider’s stock worth $244,648,000 after purchasing an additional 164,857 shares in the last quarter. FMR LLC lifted its position in CenterPoint Energy by 1.2% during the 2nd quarter. FMR LLC now owns 8,841,881 shares of the utilities provider’s stock worth $242,091,000 after acquiring an additional 108,431 shares during the last quarter. APG Asset Management N.V. lifted its position in CenterPoint Energy by 410.6% during the 3rd quarter. APG Asset Management N.V. now owns 7,214,510 shares of the utilities provider’s stock worth $210,736,000 after acquiring an additional 5,801,591 shares during the last quarter. Finally, Northern Trust Corp lifted its position in CenterPoint Energy by 1.8% during the 2nd quarter. Northern Trust Corp now owns 4,914,800 shares of the utilities provider’s stock worth $134,567,000 after acquiring an additional 87,726 shares during the last quarter. 77.98% of the stock is currently owned by hedge funds and other institutional investors.
CenterPoint Energy, Inc. (NYSE:CNP) opened at $29.58 on Wednesday. CenterPoint Energy, Inc. has a 52-week low of $23.57 and a 52-week high of $30.45. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77. The stock has a market cap of $12,730.00, a PE ratio of 22.16, a P/E/G ratio of 4.01 and a beta of 0.64.
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, hitting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. analysts expect that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.
The company also recently disclosed 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 is Wednesday, November 15th. This represents a $1.07 annualized dividend and a yield of 3.62%. CenterPoint Energy’s dividend payout ratio is 77.54%.
A number of brokerages have recently commented on CNP. Zacks Investment Research lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $28.82 to $29.00 in a research report on Monday, August 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price target on shares of CenterPoint Energy in a research report on Monday, September 11th. Finally, Bank of America started coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.89.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 3,000 shares of company stock worth $88,300 over the last ninety days. Insiders own 0.20% of the company’s stock.
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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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