Pacer Advisors Inc. Sells 15,279 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Pacer Advisors Inc. lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,669 shares of the utilities provider’s stock after selling 15,279 shares during the quarter. Pacer Advisors Inc.’s holdings in CenterPoint Energy were worth $3,645,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Crewe Advisors LLC bought a new stake in shares of CenterPoint Energy during the first quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new position in shares of CenterPoint Energy during the second quarter valued at about $33,000. Rothschild Investment LLC purchased a new position in shares of CenterPoint Energy during the second quarter valued at about $33,000. FinTrust Capital Advisors LLC lifted its position in shares of CenterPoint Energy by 60.3% in the first quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $34,000 after buying an additional 452 shares in the last quarter. Finally, Tobam bought a new position in CenterPoint Energy during the first quarter valued at approximately $35,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Scotiabank decreased their price objective on CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Morgan Stanley increased their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. BMO Capital Markets restated a “market perform” rating and issued a $28.00 target price on shares of CenterPoint Energy in a report on Monday, August 26th. StockNews.com raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, KeyCorp cut CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.36.

CenterPoint Energy Stock Down 0.8 %

Shares of NYSE:CNP opened at $28.69 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.20 and a quick ratio of 0.99. The business has a 50 day simple moving average of $27.48 and a two-hundred day simple moving average of $28.69. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $31.57. The firm has a market capitalization of $18.35 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $0.28 EPS. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.79%. CenterPoint Energy’s payout ratio is 56.34%.

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.