Securian Asset Management Inc. grew its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP – Get Rating) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,689 shares of the utilities provider’s stock after acquiring an additional 376 shares during the period. Securian Asset Management Inc.’s holdings in CenterPoint Energy were worth $1,550,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. DNB Asset Management AS increased its position in shares of CenterPoint Energy by 0.3% during the fourth quarter. DNB Asset Management AS now owns 131,107 shares of the utilities provider’s stock valued at $3,932,000 after acquiring an additional 394 shares in the last quarter. Utah Retirement Systems increased its position in shares of CenterPoint Energy by 0.4% during the third quarter. Utah Retirement Systems now owns 112,747 shares of the utilities provider’s stock valued at $3,177,000 after acquiring an additional 400 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of CenterPoint Energy by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 40,700 shares of the utilities provider’s stock valued at $1,221,000 after acquiring an additional 400 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of CenterPoint Energy by 0.4% during the fourth quarter. Venturi Wealth Management LLC now owns 93,482 shares of the utilities provider’s stock valued at $2,804,000 after acquiring an additional 402 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its position in shares of CenterPoint Energy by 2.2% during the first quarter. First Republic Investment Management Inc. now owns 19,444 shares of the utilities provider’s stock valued at $596,000 after acquiring an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.
CenterPoint Energy Stock Up 0.1 %
CNP opened at $30.53 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.75 and a current ratio of 0.92. CenterPoint Energy, Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $33.50. The firm’s fifty day moving average is $29.14 and its 200 day moving average is $29.32. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.76 and a beta of 0.88.
CenterPoint Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.49%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 47.80%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CNP. Bank of America raised their price target on shares of CenterPoint Energy from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 14th. Royal Bank of Canada reissued an “outperform” rating and set a $33.00 price target on shares of CenterPoint Energy in a research report on Monday, March 6th. Morgan Stanley raised their price target on shares of CenterPoint Energy from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday. StockNews.com raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $31.00 to $32.00 in a research report on Monday, January 23rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.89.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: CenterPoint Energy, Houston Electric, and CERC. The CenterPoint Energy segment consists of electric transmission and distribution services in the Texas gulf coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region.
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