Mirae Asset Global Investments Co. Ltd. raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,044 shares of the utilities provider's stock after acquiring an additional 16,852 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in CenterPoint Energy were worth $1,870,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CenterPoint Energy during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. increased its holdings 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 worth $33,000 after buying an additional 375 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of CenterPoint Energy by 53.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider's stock worth $44,000 after buying an additional 482 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of CenterPoint Energy during the 3rd quarter worth approximately $52,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of CenterPoint Energy by 25.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 2,047 shares of the utilities provider's stock worth $60,000 after buying an additional 418 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.
CenterPoint Energy Stock Up 0.0 %
CNP stock traded up $0.02 during midday trading on Friday, hitting $33.45. The company's stock had a trading volume of 5,219,914 shares, compared to its average volume of 3,960,134. 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 $33.85. The firm has a market capitalization of $21.80 billion, a P/E ratio of 22.15, a PEG ratio of 2.61 and a beta of 0.95. The firm has a 50-day simple moving average of $32.11 and a 200-day simple moving average of $30.06.
CenterPoint Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, February 20th. This is a boost from CenterPoint Energy's previous quarterly dividend of $0.21. CenterPoint Energy's dividend payout ratio (DPR) is currently 55.63%.
Analyst Upgrades and Downgrades
CNP has been the subject of a number of recent analyst reports. Guggenheim downgraded shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Barclays raised their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, January 27th. Scotiabank upgraded shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $30.00 to $35.00 in a report on Thursday, December 12th. LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a report on Thursday, December 12th. They issued a "buy" rating and a $34.50 target price for the company. Finally, Morgan Stanley dropped their target price on shares of CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $31.46.
Check Out Our Latest Research Report on CenterPoint Energy
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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