Cwm LLC Buys 464 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Cwm LLC raised its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,872 shares of the utilities provider’s stock after acquiring an additional 464 shares during the period. Cwm LLC’s holdings in CenterPoint Energy were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. increased its holdings in CenterPoint Energy by 1.0% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 40,811 shares of the utilities provider’s stock valued at $1,166,000 after acquiring an additional 406 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CenterPoint Energy by 26.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,377 shares of the utilities provider’s stock worth $68,000 after buying an additional 492 shares in the last quarter. D L Carlson Investment Group Inc. grew its stake in shares of CenterPoint Energy by 1.1% in the 4th quarter. D L Carlson Investment Group Inc. now owns 48,112 shares of the utilities provider’s stock worth $1,341,000 after buying an additional 529 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of CenterPoint Energy by 163.7% in the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after buying an additional 555 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its stake in shares of CenterPoint Energy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 210,669 shares of the utilities provider’s stock worth $6,019,000 after buying an additional 585 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Barry T. Smitherman sold 5,670 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $29.42, for a total value of $166,811.40. Following the completion of the sale, the director now owns 21,203 shares in the company, valued at approximately $623,792.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $31.00 on Friday. The stock has a market cap of $19.83 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.25 and a quick ratio of 1.06. CenterPoint Energy, Inc. has a 1 year low of $25.42 and a 1 year high of $31.57. The firm has a 50-day moving average of $29.73 and a two-hundred day moving average of $28.72.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.82 billion. CenterPoint Energy had a net margin of 11.03% and a return on equity of 10.57%. During the same period in the previous year, the company earned $0.50 EPS. On average, research analysts forecast that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th were given a $0.20 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.80 annualized dividend and a yield of 2.58%. CenterPoint Energy’s dividend payout ratio (DPR) is 56.34%.

Wall Street Analyst Weigh In

CNP has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Thursday, March 14th. StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Scotiabank dropped their price objective on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. KeyCorp lifted their price objective on shares of CenterPoint Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, Morgan Stanley lifted their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, CenterPoint Energy has an average rating of “Hold” and a consensus price target of $30.80.

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.