Nisa Investment Advisors LLC raised its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP – Get Rating) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,889 shares of the utilities provider’s stock after purchasing an additional 7,614 shares during the period. Nisa Investment Advisors LLC’s holdings in CenterPoint Energy were worth $4,435,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of CenterPoint Energy by 0.8% during the third quarter. Vanguard Group Inc. now owns 75,929,134 shares of the utilities provider’s stock worth $2,139,684,000 after purchasing an additional 631,836 shares in the last quarter. State Street Corp increased its position in shares of CenterPoint Energy by 1.9% in the 3rd quarter. State Street Corp now owns 34,833,478 shares of the utilities provider’s stock valued at $981,607,000 after acquiring an additional 657,742 shares during the period. Boston Partners increased its position in shares of CenterPoint Energy by 4.3% in the 3rd quarter. Boston Partners now owns 25,064,554 shares of the utilities provider’s stock valued at $706,292,000 after acquiring an additional 1,041,949 shares during the period. Pictet Asset Management SA increased its position in shares of CenterPoint Energy by 19.2% in the 3rd quarter. Pictet Asset Management SA now owns 9,068,600 shares of the utilities provider’s stock valued at $255,553,000 after acquiring an additional 1,461,593 shares during the period. Finally, Jennison Associates LLC increased its position in shares of CenterPoint Energy by 3.4% in the 3rd quarter. Jennison Associates LLC now owns 8,548,433 shares of the utilities provider’s stock valued at $240,895,000 after acquiring an additional 283,119 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently issued reports on CNP. StockNews.com raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley upped their target price on CenterPoint Energy from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday. Guggenheim downgraded CenterPoint Energy from a “buy” rating to a “neutral” rating and upped their target price for the company from $31.00 to $32.00 in a research report on Monday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $33.00 price target on shares of CenterPoint Energy in a report on Monday, March 6th. Finally, Bank of America upped their price target on shares of CenterPoint Energy from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.89.
CenterPoint Energy Trading Up 0.1 %
CenterPoint Energy (NYSE:CNP – Get Rating) last posted its earnings results on Friday, February 17th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). CenterPoint Energy had a return on equity of 9.88% and a net margin of 11.21%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, equities analysts forecast that CenterPoint Energy, Inc. will post 1.49 EPS for the current fiscal year.
CenterPoint Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, May 17th. CenterPoint Energy’s dividend payout ratio is presently 47.80%.
CenterPoint Energy 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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