First Mercantile Trust Co. lessened its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 15.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,913 shares of the utilities provider’s stock after selling 2,766 shares during the period. First Mercantile Trust Co.’s holdings in CenterPoint Energy were worth $423,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Sentry Investment Management LLC grew its holdings in CenterPoint Energy by 1.1% during the second quarter. Sentry Investment Management LLC now owns 33,735 shares of the utilities provider’s stock valued at $924,000 after purchasing an additional 351 shares during the period. Thrivent Financial For Lutherans grew its holdings in CenterPoint Energy by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 16,660 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 440 shares during the period. Monroe Bank & Trust MI grew its holdings in CenterPoint Energy by 6.1% during the third quarter. Monroe Bank & Trust MI now owns 29,264 shares of the utilities provider’s stock valued at $721,000 after purchasing an additional 1,691 shares during the period. Cookson Peirce & Co. Inc. grew its holdings in CenterPoint Energy by 14.3% during the second quarter. Cookson Peirce & Co. Inc. now owns 13,870 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 1,730 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in CenterPoint Energy by 3.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 52,079 shares of the utilities provider’s stock valued at $1,426,000 after purchasing an additional 1,791 shares during the period. 77.87% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on CNP. Zacks Investment Research raised CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, February 2nd. SunTrust Banks reissued a “hold” rating and set a $28.00 price target on shares of CenterPoint Energy in a report on Tuesday, December 26th. Guggenheim lowered 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. Citigroup boosted their price target on CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Finally, Bank of America began coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price objective for the company. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. CenterPoint Energy presently has a consensus rating of “Hold” and an average target price of $29.33.

CenterPoint Energy, Inc. (NYSE CNP) opened at $26.50 on Friday. The firm has a market capitalization of $11,422.40, a PE ratio of 20.23, a PEG ratio of 3.01 and a beta of 0.56. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77. CenterPoint Energy, Inc. has a one year low of $25.51 and a one year high of $30.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.2775 dividend. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.19%. CenterPoint Energy’s dividend payout ratio is 78.10%.

In other news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $28.11, for a total value of $28,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 3,000 shares of company stock valued at $85,410. Corporate insiders own 0.20% of the company’s stock.

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

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