CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 233,372 shares of the utilities provider's stock after purchasing an additional 17,576 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in CenterPoint Energy were worth $7,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CenterPoint Energy in the 3rd quarter worth $26,000. J.Safra Asset Management Corp acquired a new stake in CenterPoint Energy in the fourth quarter worth about $28,000. Assetmark Inc. grew its stake in shares of CenterPoint Energy by 657.1% during the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after acquiring an additional 782 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at about $32,000. Finally, BankPlus Trust Department acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at about $40,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CNP. Argus raised shares of CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. Barclays raised shares of CenterPoint Energy from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $30.00 to $37.00 in a report on Tuesday, April 22nd. Evercore ISI raised their target price on CenterPoint Energy from $37.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday. Guggenheim lowered CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, Scotiabank reaffirmed an "outperform" rating and set a $40.00 target price (up previously from $35.00) on shares of CenterPoint Energy in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $35.79.

CenterPoint Energy Trading Up 0.0 %

Shares of CenterPoint Energy stock traded up $0.01 during trading hours on Tuesday, hitting $38.25. The company's stock had a trading volume of 3,585,622 shares, compared to its average volume of 5,582,944. The stock has a market cap of $24.97 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 2.71 and a beta of 0.65. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $39.03. The firm has a fifty day moving average of $35.71 and a 200-day moving average of $32.99.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company earned $0.55 EPS. Research analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 2.30%. CenterPoint Energy's dividend payout ratio (DPR) is presently 59.06%.

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.