Daiwa Securities Group Inc. Sells 2,517 Shares of CenterPoint Energy, Inc. (CNP)
Daiwa Securities Group Inc. trimmed its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,783 shares of the utilities provider’s stock after selling 2,517 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CenterPoint Energy were worth $1,629,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in CNP. APG Asset Management N.V. increased its holdings in shares of CenterPoint Energy by 410.6% in the 3rd quarter. APG Asset Management N.V. now owns 7,214,510 shares of the utilities provider’s stock valued at $210,736,000 after acquiring an additional 5,801,591 shares during the period. Janus Henderson Group PLC increased its holdings in shares of CenterPoint Energy by 8,190.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,550,195 shares of the utilities provider’s stock valued at $124,585,000 after acquiring an additional 4,495,313 shares during the period. Vanguard Group Inc. increased its holdings in shares of CenterPoint Energy by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 49,060,465 shares of the utilities provider’s stock valued at $1,343,275,000 after acquiring an additional 1,767,259 shares during the period. Royal Bank of Canada increased its holdings in shares of CenterPoint Energy by 187.6% in the 2nd quarter. Royal Bank of Canada now owns 2,591,360 shares of the utilities provider’s stock valued at $70,953,000 after acquiring an additional 1,690,296 shares during the period. Finally, AJO LP increased its holdings in shares of CenterPoint Energy by 74.9% in the 2nd quarter. AJO LP now owns 2,540,198 shares of the utilities provider’s stock valued at $69,551,000 after acquiring an additional 1,087,736 shares during the period. 78.11% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 target price on shares of CenterPoint Energy in a report on Monday, September 11th. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America Corporation started coverage on shares of CenterPoint Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price objective on the stock. BidaskClub raised shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, J P Morgan Chase & Co set a $30.00 price objective on shares of CenterPoint Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.75.
Shares of CenterPoint Energy, Inc. (CNP) opened at $29.41 on Friday. The company has a market cap of $12,676.71, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 4.07 and a beta of 0.64. CenterPoint Energy, Inc. has a 1 year low of $22.32 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.81 and a current ratio of 0.91.
CenterPoint Energy (NYSE:CNP) last issued its earnings results on Friday, November 3rd. The utilities provider reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. sell-side analysts predict that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.2675 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.07 annualized dividend and a dividend yield of 3.64%. CenterPoint Energy’s payout ratio is currently 78.10%.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock worth $88,300 over the last 90 days. Insiders own 0.20% of the company’s stock.
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.
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