CenterPoint Energy, Inc. $CNP Stock Holdings Cut by Cwm LLC

Cwm LLC reduced its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,216 shares of the utilities provider’s stock after selling 1,569 shares during the quarter. Cwm LLC’s holdings in CenterPoint Energy were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. N.E.W. Advisory Services LLC acquired a new stake in shares of CenterPoint Energy during the 1st quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of CenterPoint Energy during the 2nd quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of CenterPoint Energy during the 1st quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of CenterPoint Energy during the 2nd quarter valued at $29,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of CenterPoint Energy during the 2nd quarter valued at $33,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Trading Down 0.1%

CenterPoint Energy stock opened at $39.56 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.51 and a quick ratio of 0.61. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.83 and a beta of 0.57. CenterPoint Energy, Inc. has a one year low of $28.57 and a one year high of $40.50. The company’s fifty day moving average price is $38.54 and its two-hundred day moving average price is $37.68.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, October 23rd. The utilities provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.04 billion. CenterPoint Energy had a net margin of 11.37% and a return on equity of 10.25%. During the same period in the prior year, the business posted $0.31 earnings per share. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio is presently 55.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays increased their price objective on CenterPoint Energy from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Friday. Evercore ISI began coverage on CenterPoint Energy in a report on Monday, October 6th. They set an “in-line” rating and a $42.00 price target on the stock. Finally, Morgan Stanley lifted their price target on CenterPoint Energy from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.25.

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.