Captrust Financial Advisors Takes Position in CenterPoint Energy, Inc. (CNP)
Captrust Financial Advisors bought a new position in CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 57,041 shares of the utilities provider’s stock, valued at approximately $1,562,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNP. BlackRock Inc. lifted its stake in CenterPoint Energy by 1,521.6% in the 1st quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock worth $1,076,193,000 after purchasing an additional 36,627,665 shares in the last quarter. Vanguard Group Inc. lifted its stake in CenterPoint Energy by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 47,293,206 shares of the utilities provider’s stock worth $1,303,873,000 after purchasing an additional 2,359,375 shares in the last quarter. AJO LP lifted its stake in CenterPoint Energy by 74.9% in the 2nd quarter. AJO LP now owns 2,540,198 shares of the utilities provider’s stock worth $69,551,000 after purchasing an additional 1,087,736 shares in the last quarter. Janus Capital Management LLC lifted its stake in CenterPoint Energy by 30.5% in the 1st quarter. Janus Capital Management LLC now owns 3,812,467 shares of the utilities provider’s stock worth $105,110,000 after purchasing an additional 891,785 shares in the last quarter. Finally, State Street Corp lifted its stake in CenterPoint Energy by 3.6% in the 1st quarter. State Street Corp now owns 23,857,898 shares of the utilities provider’s stock worth $657,763,000 after purchasing an additional 818,887 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on CNP. BidaskClub raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 target price on shares of CenterPoint Energy in a research note on Monday. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Finally, Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $28.82 to $29.00 in a research note on Monday, August 14th. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. CenterPoint Energy currently has a consensus rating of “Hold” and a consensus target price of $27.89.
CenterPoint Energy, Inc. (NYSE:CNP) traded up 0.23% during mid-day trading on Wednesday, hitting $30.05. 1,152,438 shares of the stock traded hands. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $30.45. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 21.46 and a beta of 0.63. The stock’s 50 day moving average is $29.07 and its 200-day moving average is $28.18.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $0.17 earnings per share. CenterPoint Energy’s revenue was up 36.1% compared to the same quarter last year. On average, equities research analysts anticipate that CenterPoint Energy, Inc. will post $1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 16th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.07 dividend on an annualized basis and a yield of 3.57%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 76.98%.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $27.66, for a total transaction of $27,660.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock worth $85,500. 0.20% of the stock is owned by company insiders.
CenterPoint Energy 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.