Leeward Investments LLC MA cut its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 53.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,138 shares of the utilities provider's stock after selling 237,585 shares during the quarter. Leeward Investments LLC MA's holdings in CenterPoint Energy were worth $6,153,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CNP. Crewe Advisors LLC acquired a new position in CenterPoint Energy in the first quarter valued at $25,000. Rothschild Investment LLC bought a new stake in shares of CenterPoint Energy during the 2nd quarter valued at about $33,000. Olistico Wealth LLC bought a new stake in shares of CenterPoint Energy during the 2nd quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new stake in CenterPoint Energy in the second quarter worth approximately $36,000. Finally, Kimelman & Baird LLC bought a new stake in CenterPoint Energy in the second quarter worth approximately $43,000. Institutional investors own 91.77% of the company's stock.
CenterPoint Energy Stock Performance
Shares of NYSE CNP traded up $0.99 during trading on Friday, reaching $30.36. 2,281,765 shares of the company traded hands, compared to its average volume of 5,361,073. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $31.57. The stock has a market capitalization of $19.79 billion, a PE ratio of 19.45, a P/E/G ratio of 2.52 and a beta of 0.92. The firm has a 50 day simple moving average of $28.97 and a 200-day simple moving average of $29.03.
CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the business earned $0.40 EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year.
CenterPoint Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.21 dividend. This is a positive change from CenterPoint Energy's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 21st. CenterPoint Energy's dividend payout ratio is presently 52.98%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Morgan Stanley lifted their price objective on shares of CenterPoint Energy from $30.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Wells Fargo & Company upped their price objective on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. KeyCorp downgraded CenterPoint Energy from an "overweight" rating to a "sector weight" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered shares of CenterPoint Energy from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $32.00 to $29.00 in a research note on Friday, August 2nd. Finally, Scotiabank upped their price target on CenterPoint Energy from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CenterPoint Energy presently has an average rating of "Hold" and a consensus price target of $30.09.
Read Our Latest Stock Report on CNP
CenterPoint Energy Profile
(
Free Report)
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.
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