CenterPoint Energy, Inc. (NYSE:CNP) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its position in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,952,992 shares of the utilities provider’s stock after purchasing an additional 46,232 shares during the period. Northern Trust Corp owned about 0.94% of CenterPoint Energy worth $170,077,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its position in shares of CenterPoint Energy by 5.7% during the third quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider’s stock worth $221,242,000 after purchasing an additional 442,718 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of CenterPoint Energy by 1.0% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 5,402,677 shares of the utilities provider’s stock worth $154,354,000 after purchasing an additional 54,476 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CenterPoint Energy by 96.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,958,562 shares of the utilities provider’s stock worth $141,666,000 after purchasing an additional 2,428,640 shares in the last quarter. California Public Employees Retirement System raised its holdings in CenterPoint Energy by 1.3% in the fourth 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in CenterPoint Energy by 3.0% in the fourth 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 in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNP has been the topic of several recent analyst reports. Barclays upped their price target on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 14th. Morgan Stanley upped their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Guggenheim cut their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Friday. Finally, Scotiabank cut their price target on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.80.

Read Our Latest Stock Report on CenterPoint Energy

CenterPoint Energy Stock Down 0.3 %

CNP stock opened at $30.17 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.25 and a quick ratio of 1.06. CenterPoint Energy, Inc. has a 1-year low of $25.42 and a 1-year high of $31.43. The firm has a fifty day moving average price of $29.15 and a two-hundred day moving average price of $28.53. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.66 and a beta of 0.91.

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

CenterPoint Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. CenterPoint Energy’s dividend payout ratio is currently 56.34%.

Insider Transactions at CenterPoint Energy

In other news, Director Barry T. Smitherman sold 5,670 shares of the company’s 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 owns 21,203 shares in the company, valued at $623,792.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

About CenterPoint Energy

(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)

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.