CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,618 shares of the utilities provider’s stock after selling 997 shares during the quarter. Atlas Capital Advisors LLC’s holdings in CenterPoint Energy were worth $331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. lifted its position in CenterPoint Energy by 1.0% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 40,811 shares of the utilities provider’s stock valued at $1,166,000 after buying an additional 406 shares during the last quarter. CWM LLC boosted its position in shares of CenterPoint Energy by 4.5% during the 1st quarter. CWM LLC now owns 10,872 shares of the utilities provider’s stock worth $310,000 after purchasing an additional 464 shares during the period. EverSource Wealth Advisors LLC increased its holdings in CenterPoint Energy by 26.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 492 shares during the last quarter. Czech National Bank raised its position in CenterPoint Energy by 0.5% in the first quarter. Czech National Bank now owns 111,064 shares of the utilities provider’s stock valued at $3,164,000 after purchasing an additional 510 shares during the period. Finally, D L Carlson Investment Group Inc. lifted its stake in CenterPoint Energy by 1.1% during the fourth quarter. D L Carlson Investment Group Inc. now owns 48,112 shares of the utilities provider’s stock worth $1,341,000 after purchasing an additional 529 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

CNP has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on CenterPoint Energy from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley cut their price target on shares of CenterPoint Energy from $31.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday. Scotiabank lowered 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 increased their target price on shares of CenterPoint Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, Barclays boosted their price target 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and an average price target of $31.00.

Insider Activity at CenterPoint Energy

In other CenterPoint Energy news, Director Barry T. Smitherman sold 5,670 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $29.42, for a total transaction of $166,811.40. Following the sale, the director now directly owns 21,203 shares in the company, valued at approximately $623,792.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

CenterPoint Energy Stock Up 1.0 %

CNP opened at $30.82 on Friday. CenterPoint Energy, Inc. has a one year low of $25.42 and a one year high of $31.57. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.25. The stock has a market capitalization of $19.72 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.67 and a beta of 0.91. The business’s 50-day simple moving average is $29.99 and its 200-day simple moving average is $28.78.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same period last year, the business posted $0.50 EPS. Analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, May 15th. 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.