Dupont Capital Management Corp decreased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 21.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,895 shares of the utilities provider’s stock after selling 25,965 shares during the quarter. Dupont Capital Management Corp’s holdings in CenterPoint Energy were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CNP. Braun Bostich & Associates Inc. increased its stake in shares of CenterPoint Energy by 1,372.0% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 4,151 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 3,869 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in shares of CenterPoint Energy during the 2nd quarter valued at about $130,000. Signet Financial Management LLC increased its stake in shares of CenterPoint Energy by 649.6% during the 2nd quarter. Signet Financial Management LLC now owns 5,322 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 4,612 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of CenterPoint Energy by 2,962.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 6,400 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 6,191 shares during the last quarter. Finally, UMB Bank N A MO acquired a new position in shares of CenterPoint Energy during the 3rd quarter valued at about $210,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CNP opened at $28.22 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.06 and a quick ratio of 0.90. CenterPoint Energy, Inc. has a 1 year low of $24.81 and a 1 year high of $30.17. The stock has a market cap of $14.08 billion, a PE ratio of 20.60, a PEG ratio of 2.98 and a beta of 0.43.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, November 8th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). CenterPoint Energy had a return on equity of 14.40% and a net margin of 15.15%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Wednesday, November 14th. CenterPoint Energy’s payout ratio is currently 81.02%.

In other news, CEO Scott M. Prochazka sold 4,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $27.54, for a total transaction of $110,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

A number of research firms have recently commented on CNP. ValuEngine downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. SunTrust Banks reaffirmed a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a research note on Monday, August 6th. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “sell” rating in a research note on Tuesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of CenterPoint Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 9th. Finally, Wells Fargo & Co raised shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, October 8th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.33.

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About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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