Integrated Wealth Concepts LLC Has $252,000 Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Integrated Wealth Concepts LLC trimmed its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 5.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,561 shares of the utilities provider’s stock after selling 497 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in CenterPoint Energy were worth $252,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in CenterPoint Energy by 185.7% in the second quarter. Assenagon Asset Management S.A. now owns 235,223 shares of the utilities provider’s stock valued at $7,287,000 after acquiring an additional 152,878 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of CenterPoint Energy by 18.7% in the 2nd quarter. Baillie Gifford & Co. now owns 78,838 shares of the utilities provider’s stock valued at $2,442,000 after purchasing an additional 12,422 shares in the last quarter. ING Groep NV bought a new position in shares of CenterPoint Energy in the 3rd quarter valued at $2,564,000. DRW Securities LLC acquired a new position in shares of CenterPoint Energy during the 3rd quarter worth $908,000. Finally, Bank of Montreal Can lifted its position in shares of CenterPoint Energy by 13.4% during the 2nd quarter. Bank of Montreal Can now owns 1,052,237 shares of the utilities provider’s stock worth $32,630,000 after buying an additional 124,529 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CNP. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $30.00 to $35.00 in a research note on Thursday. StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. LADENBURG THALM/SH SH assumed coverage on shares of CenterPoint Energy in a research report on Thursday. They issued a “buy” rating and a $34.50 target price on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $28.00 price target on shares of CenterPoint Energy in a report on Monday, August 26th. Finally, Wells Fargo & Company increased their price target on CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.27.

CenterPoint Energy Stock Up 0.1 %

Shares of CNP opened at $31.95 on Friday. The stock’s 50-day moving average price is $30.62 and its two-hundred day moving average price is $29.41. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $33.00. The company has a market capitalization of $20.82 billion, a PE ratio of 21.16, a PEG ratio of 2.72 and a beta of 0.96. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a dividend of $0.21 per share. The ex-dividend date was Thursday, November 21st. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. CenterPoint Energy’s dividend payout ratio is 55.63%.

About CenterPoint Energy

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.