CenterPoint Energy, Inc. (NYSE:CNP) Shares Acquired by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 46.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,666,563 shares of the utilities provider’s stock after buying an additional 1,484,079 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.73% of CenterPoint Energy worth $144,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crewe Advisors LLC purchased a new position in CenterPoint Energy in the 1st quarter worth $25,000. Olistico Wealth LLC acquired a new stake in shares of CenterPoint Energy during the second quarter worth about $33,000. Rothschild Investment LLC purchased a new stake in CenterPoint Energy in the second quarter valued at approximately $33,000. FinTrust Capital Advisors LLC increased its holdings in CenterPoint Energy by 60.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $34,000 after buying an additional 452 shares during the period. Finally, Tobam purchased a new position in CenterPoint Energy during the 1st quarter worth approximately $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $28.17 on Friday. The stock has a market capitalization of $18.02 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.46 and a beta of 0.92. The company’s fifty day moving average price is $27.47 and its 200 day moving average price is $28.68. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.99 and a current ratio of 1.20. 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 earnings results on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $0.28 earnings per share. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. CenterPoint Energy’s payout ratio is currently 56.34%.

Analysts Set New Price Targets

CNP has been the topic of several recent research reports. Scotiabank dropped their price objective on shares of CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. StockNews.com raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lowered CenterPoint Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $32.00 to $29.00 in a research note on Friday, August 2nd. KeyCorp downgraded CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $28.00 price target on shares of CenterPoint Energy in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.36.

CenterPoint Energy Company 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.