FDO Partners LLC trimmed its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 78.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,221 shares of the utilities provider’s stock after selling 86,193 shares during the quarter. FDO Partners LLC’s holdings in CenterPoint Energy were worth $678,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Carnegie Capital Asset Management LLC lifted its stake in shares of CenterPoint Energy by 0.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 12,513 shares of the utilities provider’s stock valued at $353,000 after buying an additional 39 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in shares of 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 valued at $126,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of CenterPoint Energy by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,536 shares of the utilities provider’s stock valued at $1,192,000 after buying an additional 144 shares in the last quarter. IHT Wealth Management LLC bought a new position in shares of CenterPoint Energy in the second quarter valued at $153,000. Finally, Veritable L.P. lifted its stake in shares of CenterPoint Energy by 2.9% in the second quarter. Veritable L.P. now owns 11,989 shares of the utilities provider’s stock valued at $328,000 after buying an additional 342 shares in the last quarter. 77.98% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy, Inc. (NYSE:CNP) opened at $29.53 on Monday. 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 12-month low of $23.73 and a 12-month high of $30.45. The firm has a market cap of $12,728.42, a PE ratio of 22.54, a P/E/G ratio of 4.08 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the firm earned $0.41 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. research analysts predict that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors 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 3.62%. The ex-dividend date is Wednesday, November 15th. CenterPoint Energy’s payout ratio is currently 78.10%.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

A number of research analysts have weighed in on CNP shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of CenterPoint Energy in a research note on Monday, September 11th. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $28.82 to $29.00 in a research note on Monday, August 14th. 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. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Citigroup raised their price objective on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.89.

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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.

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

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