AMP Capital Investors Ltd boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,952 shares of the utilities provider’s stock after acquiring an additional 90,395 shares during the period. AMP Capital Investors Ltd owned 0.11% of CenterPoint Energy worth $13,897,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CNP. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in CenterPoint Energy by 6.8% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 63,926 shares of the utilities provider’s stock worth $1,867,000 after acquiring an additional 4,049 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of CenterPoint Energy by 10.0% during the third quarter. State of Wisconsin Investment Board now owns 367,834 shares of the utilities provider’s stock valued at $10,744,000 after buying an additional 33,443 shares during the last quarter. American Century Companies Inc. raised its position in shares of CenterPoint Energy by 151.1% during the third quarter. American Century Companies Inc. now owns 472,453 shares of the utilities provider’s stock valued at $13,800,000 after buying an additional 284,273 shares during the last quarter. Swiss National Bank raised its position in shares of CenterPoint Energy by 1.2% during the third quarter. Swiss National Bank now owns 1,508,322 shares of the utilities provider’s stock valued at $44,058,000 after buying an additional 17,600 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC raised its position in shares of CenterPoint Energy by 14.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 27,400 shares of the utilities provider’s stock valued at $800,000 after buying an additional 3,562 shares during the last quarter. 76.79% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on CNP. Guggenheim reaffirmed a “hold” rating and set a $28.00 price objective on shares of CenterPoint Energy in a research report on Friday, February 23rd. SunTrust Banks set a $28.00 price objective on shares of CenterPoint Energy and gave the company a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, February 14th. Finally, Citigroup upped their price objective on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.10.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at $27.43 on Tuesday. The firm has a market cap of $11,820.00, a PE ratio of 17.47, a P/E/G ratio of 2.95 and a beta of 0.57. CenterPoint Energy, Inc. has a 52 week low of $25.84 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.11 and a quick ratio of 0.98.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.33 billion. CenterPoint Energy had a net margin of 18.64% and a return on equity of 15.51%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. equities analysts expect that CenterPoint Energy, Inc. will post 1.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Thursday, February 15th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.11 dividend on an annualized basis and a yield of 4.05%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s payout ratio is presently 70.70%.
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About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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