XTX Topco Ltd Purchases Shares of 40,185 CenterPoint Energy, Inc. (NYSE:CNP)

XTX Topco Ltd purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 40,185 shares of the utilities provider's stock, valued at approximately $1,182,000.

Several other hedge funds have also bought and sold shares of the stock. Railway Pension Investments Ltd purchased a new position in shares of CenterPoint Energy in the 2nd quarter worth $63,758,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in CenterPoint Energy by 46.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,666,563 shares of the utilities provider's stock worth $144,570,000 after acquiring an additional 1,484,079 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in CenterPoint Energy by 566.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider's stock valued at $51,330,000 after purchasing an additional 1,482,966 shares during the period. Maple Brown Abbott Ltd purchased a new position in shares of CenterPoint Energy in the 2nd quarter worth approximately $42,548,000. Finally, Merewether Investment Management LP bought a new position in shares of CenterPoint Energy during the 2nd quarter valued at approximately $31,188,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America started coverage on shares of CenterPoint Energy in a research report on Thursday, September 12th. They set a "neutral" rating and a $29.00 price objective on the stock. StockNews.com downgraded CenterPoint Energy from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. BMO Capital Markets restated a "market perform" rating and set a $28.00 price objective on shares of CenterPoint Energy in a report on Monday, August 26th. Wells Fargo & Company increased their target price on CenterPoint Energy from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley decreased their target price on CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of "Hold" and a consensus target price of $30.58.

CenterPoint Energy Stock Up 0.1 %

Shares of CenterPoint Energy stock traded up $0.03 on Tuesday, reaching $31.39. The stock had a trading volume of 4,203,097 shares, compared to its average volume of 5,278,980. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $20.46 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.74 and a beta of 0.96. The company has a 50 day moving average price of $30.50 and a 200 day moving average price of $29.35. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $33.00.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 2.68%. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.20. CenterPoint Energy's dividend payout ratio is 55.63%.

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.