BT Investment Management Ltd purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 83,147 shares of the utilities provider’s stock, valued at approximately $2,277,000.

A number of other large investors have also recently made changes to their positions in CNP. Nationwide Fund Advisors boosted its holdings in CenterPoint Energy by 3.3% in the 1st quarter. Nationwide Fund Advisors now owns 121,056 shares of the utilities provider’s stock valued at $3,338,000 after purchasing an additional 3,841 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in CenterPoint Energy by 24.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,848,440 shares of the utilities provider’s stock valued at $50,961,000 after purchasing an additional 367,091 shares during the period. Sei Investments Co. boosted its holdings in CenterPoint Energy by 88.3% in the 1st quarter. Sei Investments Co. now owns 119,064 shares of the utilities provider’s stock valued at $3,283,000 after purchasing an additional 55,834 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in CenterPoint Energy by 29.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,948 shares of the utilities provider’s stock valued at $881,000 after purchasing an additional 7,259 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its holdings in CenterPoint Energy by 319.4% in the 1st quarter. Virginia Retirement Systems ET AL now owns 381,200 shares of the utilities provider’s stock valued at $10,510,000 after purchasing an additional 290,300 shares during the period. 76.87% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction 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 Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $85,500. 0.20% of the stock is owned by company insiders.

Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at 29.98 on Tuesday. The stock has a market cap of $12.92 billion, a PE ratio of 21.41 and a beta of 0.63. CenterPoint Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $30.45. The stock’s 50 day moving average is $29.35 and its 200 day moving average is $28.28.

CenterPoint Energy (NYSE:CNP) last issued its 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. 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 during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. CenterPoint Energy’s revenue for the quarter was up 36.1% on a year-over-year basis. Equities research analysts forecast that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current year.

The business 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 was Monday, August 14th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.57%. CenterPoint Energy’s dividend payout ratio is 76.98%.

Several brokerages have commented on CNP. BidaskClub raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price target on shares of CenterPoint Energy in a report on Monday, September 11th. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, Credit Suisse Group raised 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 report on Monday, August 14th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.89.

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

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