DekaBank Deutsche Girozentrale Grows Holdings in CenterPoint Energy, Inc. $CNP

DekaBank Deutsche Girozentrale raised its position in CenterPoint Energy, Inc. (NYSE:CNP) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,426 shares of the utilities provider’s stock after buying an additional 1,530 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CenterPoint Energy were worth $3,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNP. N.E.W. Advisory Services LLC purchased a new position in CenterPoint Energy in the first quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of CenterPoint Energy in the second quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of CenterPoint Energy during the first quarter worth about $27,000. Chung Wu Investment Group LLC purchased a new stake in shares of CenterPoint Energy during the second quarter worth about $29,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of CenterPoint Energy during the second quarter worth about $33,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.1%

Shares of NYSE CNP opened at $39.56 on Friday. CenterPoint Energy, Inc. has a 12-month low of $28.57 and a 12-month high of $40.50. The stock has a market cap of $25.82 billion, a PE ratio of 25.03, a P/E/G ratio of 2.83 and a beta of 0.57. The company has a current ratio of 0.51, a quick ratio of 0.61 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average of $38.54 and a 200 day moving average of $37.68.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, October 23rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. CenterPoint Energy had a net margin of 11.37% and a return on equity of 10.25%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CNP shares. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Friday. Mizuho set a $42.00 target price on shares of CenterPoint Energy in a research note on Tuesday. BMO Capital Markets boosted their target price on shares of CenterPoint Energy from $39.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Scotiabank boosted their target price on shares of CenterPoint Energy from $42.00 to $45.00 and gave the stock a “sector outperform” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.25.

CenterPoint Energy Company 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.