CenterPoint Energy, Inc. (NYSE:CNP) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,956,432 shares of the utilities provider's stock after purchasing an additional 110,905 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.61% of CenterPoint Energy worth $116,398,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $33,000. Rothschild Investment LLC acquired a new stake in shares of CenterPoint Energy during the 2nd quarter valued at approximately $33,000. First Horizon Advisors Inc. lifted its position in shares of CenterPoint Energy by 51.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 375 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of CenterPoint Energy during the 2nd quarter worth approximately $36,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of CenterPoint Energy in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

CenterPoint Energy Stock Up 0.2 %

CenterPoint Energy stock traded up $0.06 during midday trading on Tuesday, hitting $32.54. 4,399,011 shares of the stock were exchanged, compared to its average volume of 5,356,868. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.11 and a quick ratio of 0.92. The company has a 50 day moving average price of $29.79 and a two-hundred day moving average price of $29.18. The firm has a market cap of $21.21 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.77 and a beta of 0.92. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $32.65.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The company 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 previous year, the business earned $0.40 EPS. On average, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. CenterPoint Energy's payout ratio is 55.63%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CNP shares. KeyCorp downgraded shares of CenterPoint Energy from an "overweight" rating to a "sector weight" rating in a report on Friday, August 2nd. BMO Capital Markets reaffirmed a "market perform" rating and issued a $28.00 target price on shares of CenterPoint Energy in a research note on Monday, August 26th. Scotiabank raised their price target on CenterPoint Energy from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. cut CenterPoint Energy from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $32.00 to $29.00 in a report on Friday, August 2nd. Finally, StockNews.com lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and a consensus price target of $30.00.

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.