Asset Management One Co. Ltd. cut its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 21.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 783,945 shares of the utilities provider’s stock after selling 212,252 shares during the period. Asset Management One Co. Ltd. owned 0.18% of CenterPoint Energy worth $22,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CNP. Vanguard Group Inc. raised its position in CenterPoint Energy by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 49,060,465 shares of the utilities provider’s stock worth $1,343,275,000 after buying an additional 1,767,259 shares during the last quarter. Ameriprise Financial Inc. raised its position in CenterPoint Energy by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,550,152 shares of the utilities provider’s stock worth $278,959,000 after buying an additional 611,608 shares during the last quarter. FMR LLC raised its position in CenterPoint Energy by 1.2% during the 2nd quarter. FMR LLC now owns 8,841,881 shares of the utilities provider’s stock worth $242,091,000 after buying an additional 108,431 shares during the last quarter. JPMorgan Chase & Co. raised its position in CenterPoint Energy by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,583,166 shares of the utilities provider’s stock worth $250,198,000 after buying an additional 554,719 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in CenterPoint Energy by 410.6% during the 3rd quarter. APG Asset Management N.V. now owns 7,214,510 shares of the utilities provider’s stock worth $210,736,000 after buying an additional 5,801,591 shares during the last quarter. Institutional investors own 77.98% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Citigroup lifted their target price on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Bank of America assumed coverage on shares of CenterPoint Energy in a report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price for the company. Finally, J P Morgan Chase & Co set a $30.00 target price on shares of CenterPoint Energy and gave the company a “hold” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.89.

Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at $28.85 on Tuesday. The company has a market cap of $12,461.18, a price-to-earnings ratio of 22.07, a P/E/G ratio of 3.85 and a beta of 0.62. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. CenterPoint Energy, Inc. has a 1-year low of $23.95 and a 1-year high of $30.45.

CenterPoint Energy (NYSE:CNP) last issued its quarterly 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 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 was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. analysts expect that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Thursday, November 16th were issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 3.71%. The ex-dividend date was Wednesday, November 15th. CenterPoint Energy’s payout ratio is presently 78.10%.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $88,080. 0.20% of the stock is owned by insiders.

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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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