Assetmark Inc. Has $29,000 Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Assetmark Inc. increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 657.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 901 shares of the utilities provider’s stock after buying an additional 782 shares during the period. Assetmark Inc.’s holdings in CenterPoint Energy were worth $29,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in CenterPoint Energy by 51.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 375 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in CenterPoint Energy by 53.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 482 shares during the last quarter. Metis Global Partners LLC raised its holdings in CenterPoint Energy by 2.4% during the 3rd quarter. Metis Global Partners LLC now owns 20,538 shares of the utilities provider’s stock worth $604,000 after purchasing an additional 484 shares during the last quarter. M&T Bank Corp raised its holdings in CenterPoint Energy by 1.2% during the 3rd quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock worth $1,178,000 after purchasing an additional 489 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in CenterPoint Energy by 2.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,731 shares of the utilities provider’s stock worth $626,000 after purchasing an additional 518 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

CNP has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Barclays upped their price target on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 27th. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 price target for the company. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Finally, Evercore ISI raised CenterPoint Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $36.00 to $37.00 in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.77.

CenterPoint Energy Trading Up 2.6 %

NYSE:CNP opened at $35.52 on Monday. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $35.64. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The business has a 50 day moving average price of $33.03 and a two-hundred day moving average price of $31.18. The company has a market cap of $23.18 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.48%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. CenterPoint Energy’s dividend payout ratio is 55.35%.

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.