XTX Topco Ltd Buys 20,807 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

XTX Topco Ltd increased its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,992 shares of the utilities provider's stock after acquiring an additional 20,807 shares during the quarter. XTX Topco Ltd's holdings in CenterPoint Energy were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of CenterPoint Energy during the third quarter valued at $26,000. J.Safra Asset Management Corp purchased a new stake in shares of CenterPoint Energy during the fourth quarter valued at $28,000. Assetmark Inc. grew its stake in shares of CenterPoint Energy by 657.1% in 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 period. VSM Wealth Advisory LLC bought a new stake in CenterPoint Energy in the 4th quarter worth approximately $32,000. Finally, BankPlus Trust Department purchased a new stake in CenterPoint Energy during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

CNP has been the subject of several recent research reports. Morgan Stanley boosted their price target on CenterPoint Energy from $32.00 to $34.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Barclays increased their target price 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. Guggenheim downgraded shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Evercore ISI raised shares of CenterPoint Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. Finally, Argus upgraded shares of CenterPoint Energy to a "hold" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $34.46.

CenterPoint Energy Price Performance

NYSE CNP traded up $0.36 during trading on Friday, hitting $37.14. 4,269,205 shares of the stock traded hands, compared to its average volume of 5,544,036. The company has a market capitalization of $24.24 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $37.70. The firm has a 50-day simple moving average of $35.13 and a 200-day simple moving average of $32.58. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.46 billion. As a group, analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, May 15th. CenterPoint Energy's dividend payout ratio (DPR) is 55.35%.

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.