Deprince Race & Zollo Inc. lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530,289 shares of the utilities provider’s stock after selling 6,590 shares during the period. Deprince Race & Zollo Inc. owned 0.11% of CenterPoint Energy worth $15,182,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Commonwealth Bank of Australia increased its stake in CenterPoint Energy by 6,371.8% in the second quarter. Commonwealth Bank of Australia now owns 7,309,813 shares of the utilities provider’s stock valued at $209,268,000 after purchasing an additional 7,196,865 shares during the period. Unigestion Holding SA boosted its holdings in shares of CenterPoint Energy by 331.7% in the second quarter. Unigestion Holding SA now owns 3,052,431 shares of the utilities provider’s stock valued at $87,391,000 after purchasing an additional 2,345,348 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in shares of CenterPoint Energy in the first quarter valued at approximately $69,287,000. Renaissance Technologies LLC boosted its holdings in shares of CenterPoint Energy by 96.7% in the second quarter. Renaissance Technologies LLC now owns 4,486,500 shares of the utilities provider’s stock valued at $128,448,000 after purchasing an additional 2,205,900 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of CenterPoint Energy in the first quarter valued at approximately $42,417,000. Institutional investors own 80.40% of the company’s stock.
In other news, CEO Scott M. Prochazka sold 7,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $28.40, for a total transaction of $198,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 21,000 shares of company stock worth $596,890. Company insiders own 0.24% of the company’s stock.
NYSE:CNP opened at $30.18 on Thursday. The company has a fifty day simple moving average of $28.23 and a two-hundred day simple moving average of $29.45. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 3.18 and a beta of 0.47. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 2.17. CenterPoint Energy, Inc. has a 52 week low of $26.74 and a 52 week high of $31.42.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.79 billion. CenterPoint Energy had a net margin of 5.55% and a return on equity of 13.59%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, analysts expect that CenterPoint Energy, Inc. will post 1.66 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.81%. CenterPoint Energy’s dividend payout ratio (DPR) is 71.88%.
A number of analysts recently issued reports on the company. Mizuho assumed coverage on CenterPoint Energy in a report on Monday, June 3rd. They issued a “buy” rating and a $31.00 price target for the company. SunTrust Banks raised CenterPoint Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $32.00 in a research report on Friday, September 6th. Morgan Stanley increased their price target on CenterPoint Energy from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, June 14th. Bank of America raised CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.32 price target on the stock in a research report on Thursday, June 13th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised CenterPoint Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $32.00 in a research report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $31.87.
CenterPoint Energy Profile
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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