Mn Services Vermogensbeheer B.V. grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 23.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,725 shares of the utilities provider’s stock after buying an additional 15,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in CenterPoint Energy were worth $2,177,000 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. Braun Bostich & Associates Inc. raised its position in shares of CenterPoint Energy by 1,372.0% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 4,151 shares of the utilities provider’s stock valued at $115,000 after buying an additional 3,869 shares in the last quarter. Ropes Wealth Advisors LLC bought a new position in CenterPoint Energy during the 2nd quarter valued at about $130,000. Signet Financial Management LLC grew its holdings in CenterPoint Energy by 649.6% during the 2nd quarter. Signet Financial Management LLC now owns 5,322 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 4,612 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in CenterPoint Energy by 2,962.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 6,400 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 6,191 shares during the last quarter. Finally, UMB Bank N A MO bought a new position in CenterPoint Energy during the 3rd quarter valued at about $210,000. Hedge funds and other institutional investors own 67.52% of the company’s stock.
Shares of CNP stock opened at $28.06 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.83 and a current ratio of 0.95. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.99 and a beta of 0.43. CenterPoint Energy, Inc. has a one year low of $24.81 and a one year high of $30.17.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a $0.2775 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.11 dividend on an annualized basis and a yield of 3.96%. CenterPoint Energy’s dividend payout ratio is currently 81.02%.
CNP has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of CenterPoint Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, October 9th. Wells Fargo & Co upgraded shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Monday, October 8th. ValuEngine downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Monday, August 6th. Zacks Investment Research upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Monday, July 23rd. Finally, SunTrust Banks reiterated a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a report on Monday, August 6th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. CenterPoint Energy has an average rating of “Hold” and an average target price of $29.33.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $27.09, for a total value of $108,360.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is owned by corporate insiders.
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CenterPoint Energy 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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