DekaBank Deutsche Girozentrale Lowers Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

DekaBank Deutsche Girozentrale reduced its stake in CenterPoint Energy, Inc. (NYSE:CNPGet Rating) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,333 shares of the utilities provider’s stock after selling 2,397 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CenterPoint Energy were worth $4,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in 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 valued at $11,725,000 after acquiring an additional 32,603 shares during the last quarter. Royal London Asset Management Ltd. grew its position in CenterPoint Energy by 6.3% during the second quarter. Royal London Asset Management Ltd. now owns 222,388 shares of the utilities provider’s stock valued at $6,579,000 after acquiring an additional 13,140 shares during the last quarter. M&T Bank Corp grew its position in CenterPoint Energy by 35.2% during the second quarter. M&T Bank Corp now owns 24,582 shares of the utilities provider’s stock valued at $676,000 after acquiring an additional 6,396 shares during the last quarter. Mackenzie Financial Corp grew its position in CenterPoint Energy by 12.4% during the third quarter. Mackenzie Financial Corp now owns 60,508 shares of the utilities provider’s stock valued at $1,705,000 after acquiring an additional 6,671 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of CenterPoint Energy by 1,507.5% in the second quarter. Lazard Asset Management LLC now owns 11,188 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 10,492 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $30.11 on Monday. The stock has a market cap of $18.96 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 5.73 and a beta of 0.86. The firm’s fifty day simple moving average is $30.40 and its 200 day simple moving average is $30.20. CenterPoint Energy, Inc. has a twelve month low of $25.03 and a twelve month high of $33.50. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.46.

CenterPoint Energy (NYSE:CNPGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The utilities provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $1.90 billion for 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%. As a group, research analysts predict that CenterPoint Energy, Inc. will post 1.39 EPS for the current year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, February 16th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 15th. This represents a $0.76 annualized dividend and a yield of 2.52%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.18. CenterPoint Energy’s dividend payout ratio (DPR) is currently 29.88%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CNP shares. Guggenheim cut their target price on shares of CenterPoint Energy from $35.00 to $30.00 in a report on Monday, October 24th. StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 18th. Morgan Stanley raised their target price 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. KeyCorp cut their target price on shares of CenterPoint Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. Finally, Wells Fargo & Company raised their target price on shares of CenterPoint Energy to $35.00 in a report on Wednesday, December 14th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Buying and Selling at CenterPoint Energy

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

CenterPoint Energy Profile

(Get Rating)

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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