CenterPoint Energy, Inc. (CNP) Shares Sold by Laurion Capital Management LP

Laurion Capital Management LP lowered its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 59.4% in the 2nd quarter, Holdings Channel reports. The firm owned 31,100 shares of the utilities provider’s stock after selling 45,429 shares during the period. Laurion Capital Management LP’s holdings in CenterPoint Energy were worth $862,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNP. DnB Asset Management AS increased its position in shares of CenterPoint Energy by 4.7% in the 2nd quarter. DnB Asset Management AS now owns 68,513 shares of the utilities provider’s stock worth $1,898,000 after purchasing an additional 3,100 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of CenterPoint Energy by 33.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 23,532 shares of the utilities provider’s stock worth $652,000 after purchasing an additional 5,887 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of CenterPoint Energy in the 2nd quarter worth about $1,018,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of CenterPoint Energy by 48.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 249,687 shares of the utilities provider’s stock worth $6,919,000 after purchasing an additional 81,698 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of CenterPoint Energy by 27.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,000 shares of the utilities provider’s stock worth $610,000 after purchasing an additional 4,700 shares during the last quarter. 77.28% of the stock is owned by institutional investors.

Shares of NYSE:CNP opened at $28.92 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. CenterPoint Energy, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $30.34. The stock has a market cap of $12.33 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 3.14 and a beta of 0.45.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). CenterPoint Energy had a net margin of 15.43% and a return on equity of 10.73%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the company earned $0.29 EPS. CenterPoint Energy’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts expect that CenterPoint Energy, Inc. will post 1.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 16th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, August 15th. CenterPoint Energy’s dividend payout ratio is presently 81.02%.

Several equities research analysts have recently weighed in on CNP shares. 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. Bank of America raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 28th. JPMorgan Chase & Co. raised shares of CenterPoint Energy from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Wednesday, September 5th. ValuEngine raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a research report on Monday, August 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.86.

In other CenterPoint Energy news, insider Milton Carroll sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $28.27, for a total transaction of $282,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott M. Prochazka sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $27.99, for a total transaction of $111,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,000 shares of company stock valued at $504,940. Insiders own 0.22% of the company’s stock.

CenterPoint Energy Company Profile

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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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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