Mutual of America Capital Management LLC Sells 936 Shares of CenterPoint Energy, Inc. $CNP

Mutual of America Capital Management LLC cut its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,842 shares of the utilities provider’s stock after selling 936 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CenterPoint Energy were worth $2,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CNP. Nuveen LLC bought a new stake in shares of CenterPoint Energy in the 1st quarter valued at about $92,025,000. GQG Partners LLC bought a new stake in shares of CenterPoint Energy in the 1st quarter valued at about $78,632,000. Millennium Management LLC grew its position in shares of CenterPoint Energy by 2,845.6% in the 1st quarter. Millennium Management LLC now owns 1,938,231 shares of the utilities provider’s stock valued at $70,222,000 after purchasing an additional 1,872,429 shares during the period. American Century Companies Inc. increased its stake in CenterPoint Energy by 50.2% during the 1st quarter. American Century Companies Inc. now owns 5,118,233 shares of the utilities provider’s stock worth $185,434,000 after purchasing an additional 1,709,682 shares in the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in CenterPoint Energy by 58.4% during the 1st quarter. Reaves W H & Co. Inc. now owns 4,385,632 shares of the utilities provider’s stock worth $158,891,000 after purchasing an additional 1,616,181 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CNP shares. Morgan Stanley increased their target price on CenterPoint Energy from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group increased their target price on CenterPoint Energy from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Evercore ISI started coverage on CenterPoint Energy in a research note on Monday, October 6th. They set an “in-line” rating and a $42.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on CenterPoint Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average price target of $41.25.

CenterPoint Energy Trading Down 0.1%

NYSE:CNP opened at $39.56 on Friday. CenterPoint Energy, Inc. has a twelve month low of $28.57 and a twelve month high of $40.50. The company has a quick ratio of 0.61, a current ratio of 0.51 and a debt-to-equity ratio of 1.76. The business has a 50 day moving average price of $38.54 and a two-hundred day moving average price of $37.66. The company has a market cap of $25.82 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 2.84 and a beta of 0.57.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, October 23rd. The utilities provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. CenterPoint Energy had a return on equity of 10.25% and a net margin of 11.37%.The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio is presently 55.70%.

About CenterPoint Energy

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.