Worldquant Millennium Advisors LLC trimmed its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 64.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,840 shares of the utilities provider's stock after selling 409,077 shares during the period. Worldquant Millennium Advisors LLC's holdings in CenterPoint Energy were worth $6,644,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Railway Pension Investments Ltd purchased a new stake in shares of CenterPoint Energy in the 2nd quarter worth $63,758,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of CenterPoint Energy by 46.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,666,563 shares of the utilities provider's stock worth $144,570,000 after purchasing an additional 1,484,079 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of CenterPoint Energy by 566.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider's stock worth $51,330,000 after purchasing an additional 1,482,966 shares during the period. Maple Brown Abbott Ltd purchased a new stake in shares of CenterPoint Energy in the second quarter worth $42,548,000. Finally, Merewether Investment Management LP bought a new stake in shares of CenterPoint Energy during the 2nd quarter valued at $31,188,000. 91.77% of the stock is currently owned by institutional investors.
CenterPoint Energy Price Performance
Shares of CenterPoint Energy stock traded down $0.33 during trading hours on Friday, reaching $31.66. The company's stock had a trading volume of 2,842,546 shares, compared to its average volume of 4,293,917. The firm has a 50 day moving average price of $30.46 and a 200-day moving average price of $29.34. 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 stock has a market cap of $20.63 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.80 and a beta of 0.96. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $33.00.
CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations 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 firm posted $0.40 earnings per share. On average, analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.
CenterPoint Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.65%. CenterPoint Energy's dividend payout ratio (DPR) is currently 55.63%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on CNP. StockNews.com lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. Scotiabank increased their target price 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. Morgan Stanley lowered their price target on CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company increased their price objective on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Finally, Bank of America started coverage on shares of CenterPoint Energy in a report on Thursday, September 12th. They issued a "neutral" rating and a $29.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.58.
Read Our Latest Analysis on CNP
About CenterPoint Energy
(
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.
Featured Stories
Before you consider CenterPoint Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CenterPoint Energy wasn't on the list.
While CenterPoint Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
