Texas Permanent School Fund increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP – Get Rating) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,445 shares of the utilities provider’s stock after purchasing an additional 374 shares during the period. Texas Permanent School Fund’s holdings in CenterPoint Energy were worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in CenterPoint Energy by 0.8% during the 3rd 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 during the last quarter. State Street Corp raised its holdings in 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 in the last quarter. Boston Partners raised its holdings in 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 in the last quarter. Pictet Asset Management SA raised its holdings in 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 in the last quarter. Finally, Jennison Associates LLC raised its holdings in 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 in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Ted Pound sold 2,770 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $30.50, for a total transaction of $84,485.00. Following the sale, the director now owns 46,541 shares in the company, valued at approximately $1,419,500.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
CenterPoint Energy Trading Down 0.1 %
Shares of CNP stock opened at $30.21 on Wednesday. The firm has a market capitalization of $19.06 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.76 and a beta of 0.88. CenterPoint Energy, Inc. has a twelve month low of $25.03 and a twelve month high of $33.50. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 1.65. The stock’s fifty day simple moving average is $29.50 and its 200 day simple moving average is $29.65.
CenterPoint Energy (NYSE:CNP – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.79 billion. CenterPoint Energy had a return on equity of 9.97% and a net margin of 8.99%. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.49 EPS for the current fiscal year.
CenterPoint Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 17th. This represents a $0.76 dividend on an annualized basis and a yield of 2.52%. CenterPoint Energy’s dividend payout ratio is currently 60.32%.
About CenterPoint Energy
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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