7. AFFORDABLE AND CLEAN ENERGY

Tiaa Fsb Sells 686 Shares of CenterPoint Energy, Inc. (NYSE:CNP) – Defense World

Written by Amanda

Tiaa Fsb decreased its holdings in CenterPoint Energy, Inc. (NYSE:CNPGet Rating) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,201 shares of the utilities provider’s stock after selling 686 shares during the quarter. Tiaa Fsb’s holdings in CenterPoint Energy were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in CenterPoint Energy by 12.0% in the fourth quarter. BlackRock Inc. now owns 62,536,247 shares of the utilities provider’s stock worth $1,745,384,000 after acquiring an additional 6,679,825 shares during the period. State Street Corp lifted its position in CenterPoint Energy by 4.9% during the fourth quarter. State Street Corp now owns 30,244,183 shares of the utilities provider’s stock valued at $844,115,000 after purchasing an additional 1,421,055 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CenterPoint Energy by 32.6% during the fourth quarter. JPMorgan Chase & Co. now owns 20,235,985 shares of the utilities provider’s stock valued at $564,785,000 after purchasing an additional 4,973,550 shares in the last quarter. Geode Capital Management LLC grew its holdings in CenterPoint Energy by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 11,258,173 shares of the utilities provider’s stock valued at $313,392,000 after purchasing an additional 632,106 shares during the period. Finally, Deutsche Bank AG increased its position in CenterPoint Energy by 44.1% in the fourth quarter. Deutsche Bank AG now owns 10,384,446 shares of the utilities provider’s stock worth $289,831,000 after buying an additional 3,175,721 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

A number of research analysts recently issued reports on CNP shares. Morgan Stanley cut their price objective on CenterPoint Energy from $33.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday. Credit Suisse Group started coverage on shares of CenterPoint Energy in a research note on Monday, April 25th. They issued an “outperform” rating and a $34.00 price objective for the company. Barclays lifted their target price on shares of CenterPoint Energy from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, March 31st. StockNews.com upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, Mizuho boosted their price objective on CenterPoint Energy from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, April 6th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy currently has an average rating of “Moderate Buy” and a consensus target price of $31.17.

CNP stock opened at $28.85 on Monday. The firm has a fifty day moving average price of $30.64 and a 200 day moving average price of $29.23. CenterPoint Energy, Inc. has a fifty-two week low of $24.23 and a fifty-two week high of $33.00. The firm has a market cap of $18.16 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 5.38 and a beta of 0.87. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.80 and a current ratio of 0.91.

CenterPoint Energy (NYSE:CNPGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The utilities provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). CenterPoint Energy had a net margin of 19.30% and a return on equity of 12.10%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the business earned $0.59 EPS. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 9th. Shareholders of record on Thursday, May 19th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, May 18th. This represents a $0.68 annualized dividend and a yield of 2.36%. CenterPoint Energy’s payout ratio is currently 26.98%.

About CenterPoint Energy (Get Rating)

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai