CenterPoint Energy, Inc. (CNP) Holdings Lifted by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2,455.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,431 shares of the utilities provider’s stock after buying an additional 1,375 shares during the quarter. Global Retirement Partners LLC’s holdings in CenterPoint Energy were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC lifted its position in CenterPoint Energy by 5.2% during the 3rd quarter. Teachers Advisors LLC now owns 1,758,093 shares of the utilities provider’s stock worth $48,611,000 after buying an additional 86,653 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in CenterPoint Energy by 2.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,160,870 shares of the utilities provider’s stock worth $32,098,000 after buying an additional 27,645 shares in the last quarter. Legal & General Group Plc lifted its position in CenterPoint Energy by 12.5% during the 3rd quarter. Legal & General Group Plc now owns 3,403,059 shares of the utilities provider’s stock worth $94,087,000 after buying an additional 378,031 shares in the last quarter. Vanguard Group Inc lifted its position in CenterPoint Energy by 10.6% during the 3rd quarter. Vanguard Group Inc now owns 54,775,862 shares of the utilities provider’s stock worth $1,514,553,000 after buying an additional 5,270,138 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in CenterPoint Energy by 375.5% during the 3rd quarter. Federated Investors Inc. PA now owns 107,526 shares of the utilities provider’s stock worth $2,972,000 after buying an additional 84,912 shares in the last quarter. 81.33% of the stock is owned by institutional investors.

Shares of CNP stock opened at $29.64 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $14.95 billion, a PE ratio of 18.53, a PEG ratio of 3.40 and a beta of 0.45. CenterPoint Energy, Inc. has a 52-week low of $25.10 and a 52-week high of $31.42.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, May 9th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.06). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.84 billion. CenterPoint Energy had a net margin of 3.39% and a return on equity of 13.31%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. As a group, equities analysts forecast that CenterPoint Energy, Inc. will post 1.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.88%. CenterPoint Energy’s payout ratio is 71.88%.

CNP has been the topic of several analyst reports. ValuEngine raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Goldman Sachs Group initiated coverage on shares of CenterPoint Energy in a research report on Monday, February 25th. They set a “buy” rating and a $34.00 price target on the stock. Credit Suisse Group set a $33.00 price target on shares of CenterPoint Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of CenterPoint Energy in a research report on Thursday, February 28th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.33.

In other news, insider Milton Carroll sold 75,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.21, for a total value of $2,265,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott M. Prochazka sold 4,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $29.98, for a total transaction of $119,920.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,000 shares of company stock worth $4,077,030. 0.24% of the stock is owned by insiders.

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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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