CenterPoint Energy, Inc. (NYSE:CNP) Stock Holdings Lessened by Signaturefd LLC

Signaturefd LLC trimmed its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 28.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,181 shares of the utilities provider’s stock after selling 1,686 shares during the quarter. Signaturefd LLC’s holdings in CenterPoint Energy were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in CenterPoint Energy by 185.7% during the second quarter. Assenagon Asset Management S.A. now owns 235,223 shares of the utilities provider’s stock valued at $7,287,000 after acquiring an additional 152,878 shares in the last quarter. FORA Capital LLC bought a new position in CenterPoint Energy during the first quarter valued at approximately $1,625,000. Duality Advisers LP raised its position in CenterPoint Energy by 837.7% during the first quarter. Duality Advisers LP now owns 210,064 shares of the utilities provider’s stock valued at $5,985,000 after acquiring an additional 187,662 shares in the last quarter. Quantbot Technologies LP bought a new position in CenterPoint Energy during the first quarter valued at approximately $1,109,000. Finally, Canada Pension Plan Investment Board raised its position in CenterPoint Energy by 86.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,413,899 shares of the utilities provider’s stock valued at $40,282,000 after acquiring an additional 655,327 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CNP. KeyCorp lowered shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. Morgan Stanley increased their price target 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 price target on CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. downgraded CenterPoint Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $29.00 in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.91.

CenterPoint Energy Trading Up 1.5 %

Shares of CenterPoint Energy stock opened at $29.75 on Tuesday. The company’s fifty day simple moving average is $28.58 and its 200-day simple moving average is $28.97. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.58 and a beta of 0.92. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 1.79. 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 quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same period in the prior year, the business earned $0.40 EPS. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.21 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, November 21st. CenterPoint Energy’s dividend payout ratio (DPR) is 59.15%.

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.