Goldman Sachs Group Inc. Has $141.67 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Goldman Sachs Group Inc. boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 96.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,958,562 shares of the utilities provider’s stock after buying an additional 2,428,640 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.79% of CenterPoint Energy worth $141,666,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Invesco Ltd. raised its position in shares of CenterPoint Energy by 5.7% during the 3rd quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider’s stock valued at $221,242,000 after acquiring an additional 442,718 shares during the last quarter. Northern Trust Corp raised its position in shares of CenterPoint Energy by 1.8% during the 3rd quarter. Northern Trust Corp now owns 5,906,760 shares of the utilities provider’s stock valued at $158,597,000 after acquiring an additional 105,404 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of CenterPoint Energy by 1.0% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 5,402,677 shares of the utilities provider’s stock valued at $154,354,000 after acquiring an additional 54,476 shares during the last quarter. California Public Employees Retirement System raised its position in shares of CenterPoint Energy by 1.3% during 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 acquiring an additional 46,149 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CenterPoint Energy by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,634,566 shares of the utilities provider’s stock valued at $103,840,000 after acquiring an additional 105,825 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Barry T. Smitherman sold 5,670 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $29.42, for a total transaction of $166,811.40. Following the completion of the transaction, the director now directly owns 21,203 shares in the company, valued at approximately $623,792.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

CenterPoint Energy Price Performance

CNP stock opened at $30.17 on Friday. The stock has a 50-day moving average price of $29.15 and a two-hundred day moving average price of $28.52. The stock has a market cap of $19.30 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.66 and a beta of 0.91. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. CenterPoint Energy, Inc. has a 1 year low of $25.42 and a 1 year high of $31.43.

CenterPoint Energy (NYSE:CNPGet Free Report) last released its earnings results on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same quarter in the prior year, the company earned $0.50 EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders 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 2.65%. The ex-dividend date of this dividend is Wednesday, May 15th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.34%.

Analysts Set New Price Targets

Several brokerages have commented on CNP. KeyCorp upped their target price on shares of CenterPoint Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Morgan Stanley upped their target price on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Friday. Mizuho restated a “neutral” rating and issued a $29.00 price objective (down previously from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Finally, Guggenheim lowered their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.80.

Check Out Our Latest Analysis on CenterPoint Energy

CenterPoint Energy Profile

(Free Report)

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.

See Also

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

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