Quantitative Systematic Strategies LLC Buys 8,728 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Quantitative Systematic Strategies LLC lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,276 shares of the utilities provider’s stock after acquiring an additional 8,728 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in CenterPoint Energy were worth $3,300,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of CenterPoint Energy by 21.6% during the 1st quarter. US Bancorp DE now owns 86,928 shares of the utilities provider’s stock worth $2,670,000 after acquiring an additional 15,417 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of CenterPoint Energy by 3.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 45,561 shares of the utilities provider’s stock worth $1,304,000 after acquiring an additional 1,641 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of CenterPoint Energy by 13.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 52,569 shares of the utilities provider’s stock worth $1,614,000 after acquiring an additional 6,107 shares in the last quarter. Simmons Bank bought a new stake in shares of CenterPoint Energy during the 1st quarter worth about $215,000. Finally, Twin Capital Management Inc. boosted its stake in shares of CenterPoint Energy by 1.9% during the 1st quarter. Twin Capital Management Inc. now owns 137,830 shares of the utilities provider’s stock worth $4,231,000 after acquiring an additional 2,630 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

NYSE:CNP traded down $0.68 during mid-day trading on Monday, hitting $28.65. 214,483 shares of the company’s stock traded hands, compared to its average volume of 4,011,615. The firm’s 50 day moving average price is $29.09. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 3.41 and a beta of 0.46. CenterPoint Energy, Inc. has a 12 month low of $26.74 and a 12 month high of $31.42.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.15 annualized dividend and a yield of 4.01%. CenterPoint Energy’s dividend payout ratio (DPR) is 71.88%.

CNP has been the subject of several recent analyst reports. Mizuho initiated coverage on CenterPoint Energy in a research note on Monday, June 3rd. They set a “buy” rating and a $31.00 target price for the company. KeyCorp initiated coverage on CenterPoint Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Bank of America upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.32 target price for the company in a research note on Thursday, June 13th. They noted that the move was a valuation call. Credit Suisse Group set a $33.00 target price on CenterPoint Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, May 15th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. CenterPoint Energy currently has an average rating of “Buy” and a consensus price target of $31.69.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $28.40, for a total value of $198,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Milton Carroll sold 19,780 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $29.70, for a total value of $587,466.00. Following the completion of the transaction, the insider now directly owns 98,301 shares of the company’s stock, valued at approximately $2,919,539.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,780 shares of company stock valued at $1,342,186. Insiders own 0.24% of the company’s stock.

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.

See Also: Marijuana Stocks

Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. (NYSE:CNP).

Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.