CenterPoint Energy, Inc. (CNP) Shares Bought by WINTON GROUP Ltd
WINTON GROUP Ltd lifted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 51.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,392 shares of the utilities provider’s stock after purchasing an additional 12,624 shares during the period. WINTON GROUP Ltd’s holdings in CenterPoint Energy were worth $1,092,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CNP. 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 acquiring 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 acquiring 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 acquiring an additional 108,431 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in CenterPoint Energy by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 8,583,166 shares of the utilities provider’s stock worth $250,198,000 after acquiring an additional 554,719 shares in the last quarter. Finally, 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 acquiring an additional 5,801,591 shares in the last quarter. Institutional investors own 77.98% of the company’s stock.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 3,000 shares of company stock worth $88,080 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.39. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 16th will be issued a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.70%. CenterPoint Energy’s dividend payout ratio is presently 78.10%.
Several brokerages have issued reports on CNP. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. BidaskClub upgraded CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Credit Suisse Group upgraded CenterPoint Energy from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $28.82 to $29.00 in a report on Monday, August 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 price target on shares of CenterPoint Energy in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company. CenterPoint Energy currently has a consensus rating of “Hold” and a consensus target price of $28.89.
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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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