CenterPoint Energy, Inc. (CNP) Position Held by Usca Ria LLC
Usca Ria LLC held its stake in CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,400 shares of the utilities provider’s stock at the end of the second quarter. Usca Ria LLC’s holdings in CenterPoint Energy were worth $203,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in CNP. AXA acquired a new stake in CenterPoint Energy during the first quarter valued at $3,436,000. 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 valued at $1,076,193,000 after buying an additional 36,627,665 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in CenterPoint Energy by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,912 shares of the utilities provider’s stock valued at $281,000 after buying an additional 529 shares during the period. Sawtooth Solutions LLC raised its stake in CenterPoint Energy by 13.1% in the first quarter. Sawtooth Solutions LLC now owns 10,003 shares of the utilities provider’s stock valued at $276,000 after buying an additional 1,162 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in CenterPoint Energy by 647.6% in the first quarter. BNP Paribas Arbitrage SA now owns 762,017 shares of the utilities provider’s stock valued at $21,009,000 after buying an additional 660,085 shares during the period. Hedge funds and other institutional investors own 76.85% of the company’s stock.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at 29.89 on Wednesday. The firm has a 50 day moving average of $28.41 and a 200 day moving average of $27.91. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 21.35 and a beta of 0.64. CenterPoint Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $30.11.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 36.1% compared to the same quarter last year. Equities analysts predict that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be given a dividend of $0.2675 per share. The ex-dividend date is Monday, August 14th. This represents a $1.07 annualized dividend and a yield of 3.58%. CenterPoint Energy’s dividend payout ratio is presently 76.98%.
CNP has been the topic of several research reports. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. J P Morgan Chase & Co initiated coverage on shares of CenterPoint Energy in a research note on Thursday, June 29th. They set a “neutral” rating and a $29.00 price objective on the stock. BidaskClub upgraded shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and raised their price target for the company from $28.82 to $29.00 in a research note on Monday, August 14th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.78.
In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $28.23, for a total transaction of $28,230.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 3,000 shares of company stock worth $84,560. 0.20% of the stock is owned by corporate insiders.
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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