Stifel Financial Corp grew its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 36.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,185 shares of the utilities provider’s stock after purchasing an additional 26,964 shares during the period. Stifel Financial Corp’s holdings in CenterPoint Energy were worth $2,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Carnegie Capital Asset Management LLC boosted its position in shares of CenterPoint Energy by 0.3% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 12,513 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 39 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its position in shares of CenterPoint Energy by 2.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 100 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of CenterPoint Energy during the 2nd quarter valued at about $153,000. Veritable L.P. boosted its position in shares of CenterPoint Energy by 2.9% during the 2nd quarter. Veritable L.P. now owns 11,989 shares of the utilities provider’s stock valued at $328,000 after acquiring an additional 342 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in shares of CenterPoint Energy by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 33,735 shares of the utilities provider’s stock valued at $924,000 after acquiring an additional 351 shares in the last quarter. Institutional investors own 77.70% of the company’s stock.

In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 3,000 shares of company stock valued at $88,080 over the last three months. 0.20% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on CNP. Royal Bank of Canada reiterated a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a research report on Monday, September 11th. 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 research report on Monday, November 20th. SunTrust Banks reiterated a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a research report on Monday, October 2nd. 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 research report on Thursday, October 12th. Finally, BidaskClub upgraded shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.89.

CenterPoint Energy, Inc. (CNP) opened at $28.01 on Wednesday. CenterPoint Energy, Inc. has a 1-year low of $24.41 and a 1-year high of $30.45. The stock has a market cap of $12,267.21, a PE ratio of 21.73, a P/E/G ratio of 3.79 and a beta of 0.62. 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 (NYSE:CNP) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. equities analysts predict that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.2775 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27. This represents a $1.11 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio (DPR) is currently 78.10%.

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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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