9,384 Shares in CenterPoint Energy, Inc. (CNP) Acquired by Driehaus Capital Management LLC
Driehaus Capital Management LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,384 shares of the utilities provider’s stock, valued at approximately $259,000.
Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its stake 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 worth $1,076,193,000 after buying an additional 36,627,665 shares during the period. Vanguard Group Inc. raised its stake in CenterPoint Energy by 5.3% in the first quarter. Vanguard Group Inc. now owns 47,293,206 shares of the utilities provider’s stock worth $1,303,873,000 after buying an additional 2,359,375 shares during the period. Bank of Montreal Can raised its stake in CenterPoint Energy by 44.9% in the first quarter. Bank of Montreal Can now owns 3,538,779 shares of the utilities provider’s stock worth $97,563,000 after buying an additional 1,096,176 shares during the period. State Street Corp raised its stake in CenterPoint Energy by 3.6% in the first quarter. State Street Corp now owns 23,857,898 shares of the utilities provider’s stock worth $657,763,000 after buying an additional 818,887 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in shares of CenterPoint Energy during the first quarter worth approximately $22,389,000. Institutional investors and hedge funds own 77.35% of the company’s stock.
Shares of CenterPoint Energy, Inc. (CNP) traded up 1.06% during trading on Thursday, hitting $28.47. The stock had a trading volume of 2,869,462 shares. CenterPoint Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $29.08. The stock’s 50 day moving average is $27.92 and its 200 day moving average is $27.54. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 26.36 and a beta of 0.64.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.07. CenterPoint Energy had a return on equity of 15.20% and a net margin of 5.68%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 36.1% compared to the same quarter last year. On average, equities research analysts expect that CenterPoint Energy, Inc. will post $1.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 3.76%. The ex-dividend date is Monday, August 14th. CenterPoint Energy’s dividend payout ratio is 100.00%.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. BidaskClub raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG increased their target price on CenterPoint Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Finally, J P Morgan Chase & Co began coverage on CenterPoint Energy in a report on Thursday, June 29th. They set a “neutral” rating and a $29.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.33.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $27.66, for a total transaction of $27,660.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 3,000 shares of company stock worth $84,560. Company insiders own 0.20% of the company’s stock.
About CenterPoint Energy
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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