Magnetar Financial LLC lowered its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,474 shares of the utilities provider’s stock after selling 2,962 shares during the period. Magnetar Financial LLC’s holdings in CenterPoint Energy were worth $832,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in CNP. NGAM Advisors L.P. increased its holdings in shares of CenterPoint Energy by 13.9% in the second quarter. NGAM Advisors L.P. now owns 26,810 shares of the utilities provider’s stock valued at $734,000 after purchasing an additional 3,274 shares during the period. Rothschild Asset Management Inc. increased its holdings in shares of CenterPoint Energy by 5.3% in the second quarter. Rothschild Asset Management Inc. now owns 18,421 shares of the utilities provider’s stock valued at $504,000 after purchasing an additional 924 shares during the period. Sei Investments Co. increased its holdings in shares of CenterPoint Energy by 34.4% in the second quarter. Sei Investments Co. now owns 160,063 shares of the utilities provider’s stock valued at $4,382,000 after purchasing an additional 40,999 shares during the period. Retirement Systems of Alabama increased its holdings in shares of CenterPoint Energy by 0.4% in the second quarter. Retirement Systems of Alabama now owns 208,955 shares of the utilities provider’s stock valued at $5,721,000 after purchasing an additional 768 shares during the period. Finally, Global X Management Co. LLC increased its holdings in shares of CenterPoint Energy by 11.5% in the second quarter. Global X Management Co. LLC now owns 23,838 shares of the utilities provider’s stock valued at $653,000 after purchasing an additional 2,462 shares during the period. 77.98% of the stock is currently owned by institutional investors and hedge funds.
CenterPoint Energy, Inc. (CNP) opened at $28.91 on Monday. CenterPoint Energy, Inc. has a twelve month low of $23.95 and a twelve month high of $30.45. The firm has a market capitalization of $12,461.18, a price-to-earnings ratio of 22.07, a P/E/G ratio of 3.85 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. CenterPoint Energy’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. analysts expect that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Thursday, November 16th were given a dividend of $0.2675 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a yield of 3.70%. CenterPoint Energy’s payout ratio is 78.10%.
A number of research analysts have recently issued reports on the company. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Zacks Investment Research lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Bank of America assumed coverage on CenterPoint Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 target price on the stock. BidaskClub raised CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.89.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $29.39, for a total transaction of $29,390.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 3,000 shares of company stock worth $88,080. 0.20% of the stock is owned by company insiders.
CenterPoint Energy Profile
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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