Yousif Capital Management LLC Has $3.38 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Yousif Capital Management LLC lessened its position in CenterPoint Energy, Inc. (NYSE:CNP) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,377 shares of the utilities provider’s stock after selling 3,975 shares during the quarter. Yousif Capital Management LLC’s holdings in CenterPoint Energy were worth $3,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNP. Global Retirement Partners LLC increased its stake in shares of CenterPoint Energy by 163.7% in the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 555 shares during the period. Compagnie Lombard Odier SCmA bought a new position in CenterPoint Energy in the 3rd quarter worth approximately $36,000. Larson Financial Group LLC lifted its holdings in shares of CenterPoint Energy by 634.9% during the third quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,200 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $49,000. Finally, BluePath Capital Management LLC acquired a new stake in shares of CenterPoint Energy in the third quarter worth $80,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $28.85 on Monday. The business has a 50 day simple moving average of $28.04 and a 200 day simple moving average of $28.02. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.78 and a quick ratio of 0.58. The company has a market capitalization of $18.26 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. CenterPoint Energy, Inc. has a one year low of $25.42 and a one year high of $31.43.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $2.18 billion during 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 period in the prior year, the company posted $0.28 earnings per share. On average, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

CNP has been the subject of several research analyst reports. Evercore ISI cut shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their target price for the company from $29.00 to $30.00 in a research note on Tuesday, January 23rd. Scotiabank cut their price objective on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Guggenheim decreased 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. Mizuho restated a “neutral” rating and set a $29.00 price target (down from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Finally, KeyCorp raised their price objective on CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $30.18.

CenterPoint Energy 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.