Natixis Has $37,000 Position in CenterPoint Energy, Inc. (NYSE:CNP)

Natixis lessened its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 93.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,166 shares of the utilities provider's stock after selling 16,553 shares during the period. Natixis' holdings in CenterPoint Energy were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNP. Capital International Investors raised its stake in shares of CenterPoint Energy by 0.4% during the fourth quarter. Capital International Investors now owns 87,449,927 shares of the utilities provider's stock valued at $2,774,941,000 after purchasing an additional 334,631 shares in the last quarter. Capital Research Global Investors raised its position in shares of CenterPoint Energy by 156.4% during the 4th quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider's stock worth $1,446,036,000 after buying an additional 27,799,744 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CenterPoint Energy by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,490,728 shares of the utilities provider's stock worth $490,205,000 after buying an additional 406,832 shares in the last quarter. Norges Bank acquired a new stake in shares of CenterPoint Energy in the 4th quarter worth approximately $158,232,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of CenterPoint Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,116,586 shares of the utilities provider's stock valued at $130,619,000 after acquiring an additional 160,154 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on CenterPoint Energy in a research note on Wednesday, April 2nd. They set a "buy" rating and a $42.00 price target for the company. Argus raised CenterPoint Energy to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Scotiabank reissued an "outperform" rating and issued a $40.00 price target (up from $35.00) on shares of CenterPoint Energy in a report on Friday. Finally, BMO Capital Markets lifted their price objective on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, CenterPoint Energy currently has an average rating of "Hold" and an average price target of $35.79.

CenterPoint Energy Stock Up 0.0 %

NYSE CNP traded up $0.01 on Tuesday, reaching $38.25. The stock had a trading volume of 3,585,622 shares, compared to its average volume of 5,582,944. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $39.03. The business has a 50 day moving average price of $35.71 and a 200 day moving average price of $32.99. The company has a market capitalization 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.

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

CenterPoint Energy Announces Dividend

The firm also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, May 15th. CenterPoint Energy's dividend payout ratio is presently 59.06%.

About CenterPoint Energy

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.