Los Angeles Capital Management & Equity Research Inc. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 608,854 shares of the utilities provider’s stock after purchasing an additional 2,900 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.12% of CenterPoint Energy worth $16,835,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of CNP. Braun Bostich & Associates Inc. lifted its position in shares of CenterPoint Energy by 1,372.0% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 4,151 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 3,869 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in shares of CenterPoint Energy in the 2nd quarter worth about $130,000. Signet Financial Management LLC lifted its position in shares of CenterPoint Energy by 649.6% in the 2nd quarter. Signet Financial Management LLC now owns 5,322 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 4,612 shares during the period. FNY Investment Advisers LLC lifted its position in shares of CenterPoint Energy by 2,962.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 6,400 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 6,191 shares during the period. Finally, UMB Bank N A MO purchased a new stake in shares of CenterPoint Energy in the 3rd quarter worth about $210,000. 67.52% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE CNP opened at $28.13 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.66. The stock has a market cap of $14.19 billion, a PE ratio of 20.53, a P/E/G ratio of 3.04 and a beta of 0.43. CenterPoint Energy, Inc. has a 52-week low of $24.81 and a 52-week high of $30.17.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, November 14th. CenterPoint Energy’s payout ratio is presently 81.02%.
CNP has been the subject of several research analyst reports. Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, July 23rd. Wells Fargo & Co reaffirmed a “buy” rating on shares of CenterPoint Energy in a research report on Friday. SunTrust Banks reaffirmed a “hold” rating and issued a $30.00 target price on shares of CenterPoint Energy in a research report on Monday, August 6th. ValuEngine upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Barclays started coverage on shares of CenterPoint Energy in a research note on Monday, October 22nd. They issued a “hold” rating and a $30.00 price target for the company. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $29.33.
In other news, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $27.09, for a total transaction of $108,360.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.
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About CenterPoint Energy
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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