9,093 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNPGet Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,093 shares of the utilities provider’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of CenterPoint Energy by 8.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 416,071 shares of the utilities provider’s stock worth $11,725,000 after purchasing an additional 32,603 shares in the last quarter. Czech National Bank acquired a new position in shares of CenterPoint Energy during the third quarter worth $2,061,000. Alta Advisers Ltd purchased a new stake in CenterPoint Energy in the third quarter valued at $65,000. New York State Teachers Retirement System lifted its position in CenterPoint Energy by 0.7% in the third quarter. New York State Teachers Retirement System now owns 666,170 shares of the utilities provider’s stock valued at $18,773,000 after acquiring an additional 4,772 shares during the last quarter. Finally, Comerica Bank lifted its position in CenterPoint Energy by 3.8% in the third quarter. Comerica Bank now owns 103,130 shares of the utilities provider’s stock valued at $2,806,000 after acquiring an additional 3,741 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $31.31 on Tuesday. The company has a 50-day simple moving average of $30.26 and a 200-day simple moving average of $30.18. CenterPoint Energy, Inc. has a one year low of $25.03 and a one year high of $33.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.69 and a current ratio of 0.89. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 5.96 and a beta of 0.86.

CenterPoint Energy (NYSE:CNPGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.74 billion. CenterPoint Energy had a net margin of 17.67% and a return on equity of 10.77%. On average, analysts predict that CenterPoint Energy, Inc. will post 1.39 EPS for the current year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be issued a dividend of $0.19 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, February 15th. CenterPoint Energy’s dividend payout ratio is currently 29.88%.

Insider Buying and Selling

In other news, Director Barry T. Smitherman purchased 8,005 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was purchased at an average cost of $28.38 per share, with a total value of $227,181.90. Following the completion of the acquisition, the director now directly owns 20,534 shares of the company’s stock, valued at approximately $582,754.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CNP. Wells Fargo & Company boosted their price target on shares of CenterPoint Energy to $35.00 in a research report on Wednesday, December 14th. Guggenheim reduced their price target on shares of CenterPoint Energy from $35.00 to $30.00 in a research report on Monday, October 24th. Morgan Stanley boosted their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. StockNews.com raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Finally, KeyCorp reduced their price target on shares of CenterPoint Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, October 20th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.00.

CenterPoint Energy Profile

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CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

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

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