Allspring Global Investments Holdings LLC Has $12.93 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Allspring Global Investments Holdings LLC lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 410,626 shares of the utilities provider’s stock after selling 14,481 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of CenterPoint Energy worth $12,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of CenterPoint Energy by 235.2% during the 3rd quarter. Blue Trust Inc. now owns 5,209 shares of the utilities provider’s stock valued at $161,000 after acquiring an additional 3,655 shares during the period. Raymond James & Associates lifted its stake in shares of CenterPoint Energy by 1.5% during the 3rd quarter. Raymond James & Associates now owns 1,195,135 shares of the utilities provider’s stock valued at $35,161,000 after buying an additional 17,787 shares in the last quarter. OLD National Bancorp IN lifted its stake in CenterPoint Energy by 15.1% in the 3rd quarter. OLD National Bancorp IN now owns 13,170 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 1,732 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in CenterPoint Energy by 10.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 7,598 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 689 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of CenterPoint Energy in the 3rd quarter worth $88,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Trading Up 0.0 %

Shares of CNP stock opened at $33.45 on Tuesday. The company’s 50-day moving average price is $32.15 and its 200-day moving average price is $30.13. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.61 and a beta of 0.95. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $33.85.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.63%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, February 20th. CenterPoint Energy’s dividend payout ratio is presently 55.63%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a report on Thursday, December 12th. They set a “buy” rating and a $34.50 target price on the stock. Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Finally, Barclays lifted their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.46.

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.