Cbre Investment Management Listed Real Assets LLC Has $1.08 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Cbre Investment Management Listed Real Assets LLC trimmed its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 97.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,992 shares of the utilities provider's stock after selling 1,559,962 shares during the period. Cbre Investment Management Listed Real Assets LLC's holdings in CenterPoint Energy were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in CenterPoint Energy in the 3rd quarter valued at about $26,000. J.Safra Asset Management Corp purchased a new position in CenterPoint Energy in the 4th quarter valued at about $28,000. Assetmark Inc. boosted its position in CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock valued at $29,000 after buying an additional 782 shares during the last quarter. First Horizon Advisors Inc. boosted its position in CenterPoint Energy by 51.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider's stock valued at $33,000 after buying an additional 375 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in CenterPoint Energy in the 4th quarter valued at about $40,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CNP. Guggenheim cut shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Morgan Stanley decreased their price objective on shares of 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. Scotiabank raised shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. UBS Group raised shares of CenterPoint Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Finally, LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a research report on Thursday, December 12th. They set a "buy" rating and a $34.50 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $31.65.

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CenterPoint Energy Stock Performance

CNP traded up $0.86 on Friday, hitting $34.26. 5,001,339 shares of the company's stock were exchanged, compared to its average volume of 4,329,117. The stock has a fifty day moving average of $32.72 and a two-hundred day moving average of $30.88. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. The firm has a market cap of $22.33 billion, a PE ratio of 21.55, a P/E/G ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $34.85.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. On average, research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.57%. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, February 20th. CenterPoint Energy's dividend payout ratio (DPR) is presently 55.35%.

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.