CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,088 shares of the utilities provider's stock after selling 13,500 shares during the period. Louisbourg Investments Inc.'s holdings in CenterPoint Energy were worth $4,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CNP. B.O.S.S. Retirement Advisors LLC boosted its position in shares of CenterPoint Energy by 15.0% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 83,917 shares of the utilities provider's stock worth $2,469,000 after purchasing an additional 10,970 shares in the last quarter. Seven Grand Managers LLC purchased a new stake in shares of CenterPoint Energy during the 3rd quarter worth $5,884,000. Teilinger Capital Ltd. purchased a new stake in shares of CenterPoint Energy during the 3rd quarter worth $26,478,000. nVerses Capital LLC purchased a new stake in shares of CenterPoint Energy during the 3rd quarter worth $1,039,000. Finally, V Square Quantitative Management LLC boosted its position in shares of CenterPoint Energy by 11.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 21,940 shares of the utilities provider's stock worth $645,000 after purchasing an additional 2,290 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Up 0.0 %

Shares of NYSE CNP traded up $0.02 on Friday, reaching $33.45. 5,219,914 shares of the company traded hands, compared to its average volume of 3,877,243. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $33.85. The company has a 50 day moving average of $32.11 and a 200 day moving average of $30.06. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $21.80 billion, a PE ratio of 22.15, a P/E/G ratio of 2.61 and a beta of 0.95.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.63%. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.21. CenterPoint Energy's dividend payout ratio is currently 55.63%.

Analysts Set New Price Targets

Several research firms recently commented on CNP. Barclays boosted their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research report on Monday, January 27th. Scotiabank upgraded shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. Guggenheim lowered shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. UBS Group upgraded shares of CenterPoint Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Finally, Morgan Stanley decreased their price objective on shares of CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.46.

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.