Signaturefd LLC Purchases 2,197 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Signaturefd LLC raised its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 43.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,223 shares of the utilities provider’s stock after purchasing an additional 2,197 shares during the period. Signaturefd LLC’s holdings in CenterPoint Energy were worth $206,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CNP. Global Retirement Partners LLC lifted its holdings in shares of CenterPoint Energy by 163.7% during the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 555 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in CenterPoint Energy in the third quarter worth about $36,000. Larson Financial Group LLC boosted its holdings in CenterPoint Energy by 634.9% in the third quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,200 shares in the last quarter. Bay Harbor Wealth Management LLC purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth about $49,000. Finally, BluePath Capital Management LLC acquired a new position in shares of CenterPoint Energy during the third quarter valued at about $80,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $28.85 on Friday. The firm has a market cap of $18.26 billion, a PE ratio of 21.21, a P/E/G ratio of 2.58 and a beta of 0.92. The business has a 50-day moving average price of $28.04 and a 200 day moving average price of $28.02. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.43.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. CenterPoint Energy had a return on equity of 10.44% and a net margin of 10.55%. During the same quarter last year, the firm posted $0.28 EPS. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 58.82%.

Analyst Upgrades and Downgrades

CNP has been the topic of several research analyst reports. Mizuho reissued a “neutral” rating and set a $29.00 target price (down previously from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Evercore ISI cut CenterPoint Energy from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Scotiabank cut their price objective on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Guggenheim dropped their target price on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, Barclays raised their price target on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.18.

CenterPoint Energy Company Profile

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