JPMorgan Chase & Co. lowered its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) by 4.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,170,307 shares of the utilities provider’s stock after selling 264,884 shares during the period. JPMorgan Chase & Co. owned about 0.98% of CenterPoint Energy worth $165,673,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. Advisor Partners II LLC raised its holdings in shares of CenterPoint Energy by 1.2% during the 1st quarter. Advisor Partners II LLC now owns 29,370 shares of the utilities provider’s stock worth $865,000 after buying an additional 357 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of CenterPoint Energy by 0.7% during the 3rd quarter. Moors & Cabot Inc. now owns 52,633 shares of the utilities provider’s stock worth $1,413,000 after buying an additional 368 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of CenterPoint Energy by 3.9% during the 1st quarter. Wetherby Asset Management Inc. now owns 11,100 shares of the utilities provider’s stock worth $327,000 after buying an additional 412 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of CenterPoint Energy by 2.2% during the 1st quarter. First Republic Investment Management Inc. now owns 19,444 shares of the utilities provider’s stock worth $596,000 after buying an additional 427 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of CenterPoint Energy by 4.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 10,505 shares of the utilities provider’s stock worth $282,000 after buying an additional 428 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.
CenterPoint Energy Trading Up 0.1 %
NYSE CNP opened at $28.33 on Monday. The business’s 50-day moving average price is $28.03 and its two-hundred day moving average price is $27.94. CenterPoint Energy, Inc. has a 12 month low of $25.42 and a 12 month high of $31.43. The firm has a market capitalization of $17.89 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.82.
CenterPoint Energy (NYSE:CNP – Get Free Report) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. CenterPoint Energy had a return on equity of 10.44% and a net margin of 10.55%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $0.28 EPS. On average, analysts expect that CenterPoint Energy, Inc. will post 1.63 EPS for the current year.
CenterPoint Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.82%. CenterPoint Energy’s payout ratio is 58.82%.
Analyst Ratings Changes
CNP has been the topic of a number of research reports. KeyCorp boosted their price objective on CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Morgan Stanley reduced their price objective on CenterPoint Energy from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 21st. Mizuho restated a “neutral” rating and set a $29.00 price objective (down previously from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Evercore ISI lowered CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Finally, Guggenheim reduced their price objective on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $30.64.
View Our Latest Stock Report on CNP
CenterPoint Energy Profile
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.
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