Dupont Capital Management Corp Has $43,000 Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Dupont Capital Management Corp lowered its position in shares of CenterPoint Energy, Inc. (NYSE:CNPGet Rating) by 19.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,540 shares of the utilities provider’s stock after selling 382 shares during the quarter. Dupont Capital Management Corp’s holdings in CenterPoint Energy were worth $43,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its position in CenterPoint Energy by 4.3% in the second quarter. Baird Financial Group Inc. now owns 7,908 shares of the utilities provider’s stock worth $234,000 after acquiring an additional 328 shares in the last quarter. Comerica Bank grew its position in CenterPoint Energy by 0.4% in the second quarter. Comerica Bank now owns 99,389 shares of the utilities provider’s stock worth $2,957,000 after acquiring an additional 401 shares in the last quarter. First Republic Investment Management Inc. grew its position in CenterPoint Energy by 2.2% in the first quarter. First Republic Investment Management Inc. now owns 19,444 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 427 shares in the last quarter. Synovus Financial Corp grew its position in CenterPoint Energy by 3.0% in the second quarter. Synovus Financial Corp now owns 15,526 shares of the utilities provider’s stock worth $458,000 after acquiring an additional 445 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in CenterPoint Energy by 0.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,563 shares of the utilities provider’s stock worth $1,795,000 after acquiring an additional 460 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Wall Street Analyst Weigh In

CNP has been the subject of several recent research reports. Guggenheim decreased their target price on shares of CenterPoint Energy from $35.00 to $30.00 in a research report on Monday, October 24th. Wells Fargo & Company boosted their target price on shares of CenterPoint Energy to $35.00 in a research report on Wednesday, December 14th. StockNews.com downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Wednesday. KeyCorp decreased their price objective on shares of CenterPoint Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, October 20th. Finally, Morgan Stanley upped their price objective on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy has an average rating of “Moderate Buy” and an average price target of $32.00.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $30.11 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.89 and a quick ratio of 0.69. CenterPoint Energy, Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $33.50. The firm has a fifty day moving average price of $30.40 and a two-hundred day moving average price of $30.19. The company has a market cap of $18.96 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 5.96 and a beta of 0.86.

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

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, February 16th will be paid a $0.19 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.52%. CenterPoint Energy’s dividend payout ratio is currently 29.88%.

Insider Activity

In other CenterPoint Energy news, Director Barry T. Smitherman acquired 8,005 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was bought at an average price of $28.38 per share, for a total transaction of $227,181.90. Following the purchase, the director now owns 20,534 shares in the company, valued at approximately $582,754.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

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.

See Also

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

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