Dynamic Technology Lab Private Ltd acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,338 shares of the utilities provider’s stock, valued at approximately $858,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in CenterPoint Energy by 3.7% in the second quarter. Vanguard Group Inc. now owns 49,060,465 shares of the utilities provider’s stock worth $1,343,275,000 after purchasing an additional 1,767,259 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in CenterPoint Energy by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 9,550,152 shares of the utilities provider’s stock worth $278,959,000 after purchasing an additional 611,608 shares in the last quarter. FMR LLC boosted its holdings in CenterPoint Energy by 1.2% in the second quarter. FMR LLC now owns 8,841,881 shares of the utilities provider’s stock worth $242,091,000 after purchasing an additional 108,431 shares in the last quarter. APG Asset Management N.V. boosted its holdings in CenterPoint Energy by 410.6% in the third quarter. APG Asset Management N.V. now owns 7,214,510 shares of the utilities provider’s stock worth $210,736,000 after purchasing an additional 5,801,591 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in CenterPoint Energy by 1.8% in the second quarter. Northern Trust Corp now owns 4,914,800 shares of the utilities provider’s stock worth $134,567,000 after purchasing an additional 87,726 shares in the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

CenterPoint Energy, Inc. (NYSE CNP) opened at $29.15 on Thursday. The company has a market cap of $12,538.76, a PE ratio of 22.21, a PEG ratio of 4.02 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. CenterPoint Energy, Inc. has a 52-week low of $23.36 and a 52-week high of $30.45.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $2.10 billion during 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 firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Wednesday, November 15th. CenterPoint Energy’s dividend payout ratio is currently 78.10%.

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In other news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.08, for a total transaction of $29,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 3,000 shares of company stock valued at $88,300 in the last ninety days. 0.20% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on CNP shares. BidaskClub upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. J P Morgan Chase & Co set a $30.00 price target on shares of CenterPoint Energy and gave the company a “hold” rating in a report on Thursday, October 12th. SunTrust Banks, Inc. restated a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a report on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating and set a $29.00 price target on shares of CenterPoint Energy in a report on Monday, September 11th. Finally, Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Ten analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $28.89.

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.

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

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