CenterPoint Energy, Inc. (NYSE:CNP) Position Lowered by Greenleaf Trust

Greenleaf Trust reduced its position in CenterPoint Energy, Inc. (NYSE:CNP) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,682 shares of the utilities provider’s stock after selling 1,535 shares during the quarter. Greenleaf Trust’s holdings in CenterPoint Energy were worth $667,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. raised its position in shares of CenterPoint Energy by 2.1% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,981 shares of the utilities provider’s stock valued at $541,000 after acquiring an additional 388 shares in the last quarter. Pitcairn Co. lifted its position in shares of CenterPoint Energy by 2.3% in the 1st quarter. Pitcairn Co. now owns 19,544 shares of the utilities provider’s stock worth $557,000 after buying an additional 434 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of CenterPoint Energy by 3.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 13,224 shares of the utilities provider’s stock valued at $377,000 after buying an additional 447 shares during the period. FinTrust Capital Advisors LLC grew its position in shares of CenterPoint Energy by 60.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock valued at $34,000 after buying an additional 452 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in CenterPoint Energy by 2.4% during the second quarter. V Square Quantitative Management LLC now owns 19,650 shares of the utilities provider’s stock worth $609,000 after acquiring an additional 462 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

CNP opened at $29.31 on Friday. The business has a 50 day moving average price of $28.51 and a two-hundred day moving average price of $28.94. 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 company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.56 and a beta of 0.92. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $31.57.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share 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 business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business posted $0.28 earnings per share. Research analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.87%. CenterPoint Energy’s dividend payout ratio is currently 59.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CNP shares. Morgan Stanley upped their target price on CenterPoint Energy from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their target price on CenterPoint Energy from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. BMO Capital Markets reissued a “market perform” rating and set a $28.00 price target on shares of CenterPoint Energy in a report on Monday, August 26th. KeyCorp cut shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 2nd. Finally, StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $29.91.

CenterPoint Energy Company 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.