New York State Common Retirement Fund Has $14.82 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

New York State Common Retirement Fund trimmed its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518,693 shares of the utilities provider’s stock after selling 66,996 shares during the quarter. New York State Common Retirement Fund’s holdings in CenterPoint Energy were worth $14,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CNP. Invesco Ltd. boosted its stake in CenterPoint Energy by 5.7% in the 3rd quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider’s stock valued at $221,242,000 after buying an additional 442,718 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CenterPoint Energy by 1.8% in the 3rd quarter. Northern Trust Corp now owns 5,906,760 shares of the utilities provider’s stock valued at $158,597,000 after purchasing an additional 105,404 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of CenterPoint Energy by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 3,664,835 shares of the utilities provider’s stock valued at $104,704,000 after purchasing an additional 46,149 shares in the last quarter. ClearBridge Investments Ltd grew its holdings in shares of CenterPoint Energy by 9.8% in the 3rd quarter. ClearBridge Investments Ltd now owns 3,623,324 shares of the utilities provider’s stock worth $97,286,000 after purchasing an additional 324,078 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CenterPoint Energy by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,528,741 shares of the utilities provider’s stock worth $94,747,000 after purchasing an additional 63,804 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CNP shares. Guggenheim dropped their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Scotiabank reduced their price objective on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Mizuho restated a “neutral” rating and issued a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Evercore ISI downgraded shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their price target for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Finally, KeyCorp raised their price objective on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and an average price target of $30.18.

CenterPoint Energy Stock Performance

CNP stock opened at $29.22 on Tuesday. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.43. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82. The company has a market cap of $18.50 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. The business’s fifty day moving average is $28.07 and its 200-day moving average is $28.03.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, meeting the consensus estimate 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 in the prior year, the firm posted $0.28 earnings per share. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.74%. CenterPoint Energy’s dividend payout ratio is currently 58.82%.

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.