Fort Washington Investment Advisors Inc. OH decreased its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 30.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,513 shares of the utilities provider’s stock after selling 11,505 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CenterPoint Energy were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in CenterPoint Energy by 0.4% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 9,431 shares of the utilities provider’s stock worth $258,000 after buying an additional 33 shares during the last quarter. Cleararc Capital Inc. grew its position in CenterPoint Energy by 0.8% in the first quarter. Cleararc Capital Inc. now owns 10,542 shares of the utilities provider’s stock worth $291,000 after buying an additional 84 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in CenterPoint Energy by 2.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after buying an additional 100 shares during the last quarter. Advantus Capital Management Inc grew its position in CenterPoint Energy by 0.3% in the first quarter. Advantus Capital Management Inc now owns 43,232 shares of the utilities provider’s stock worth $1,192,000 after buying an additional 119 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in CenterPoint Energy by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,536 shares of the utilities provider’s stock worth $1,192,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 76.87% of the company’s stock.

Several research analysts have issued reports on CNP shares. Zacks Investment Research upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, June 5th. BidaskClub upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $28.82 to $29.00 in a research report on Monday, August 14th. Eight 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. CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $27.89.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s 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 Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 3,000 shares of company stock valued at $85,500. 0.20% of the stock is currently owned by insiders.

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CenterPoint Energy, Inc. (CNP) opened at 30.27 on Monday. The company has a 50-day moving average of $29.30 and a 200-day moving average of $28.25. CenterPoint Energy, Inc. has a 1-year low of $21.83 and a 1-year high of $30.45. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 21.62 and a beta of 0.63.

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, topping the Zacks’ consensus estimate of $0.22 by $0.07. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. CenterPoint Energy’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. Analysts predict that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 16th were paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Monday, August 14th. CenterPoint Energy’s dividend payout ratio (DPR) is 76.98%.

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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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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