Leeward Investments LLC MA Has $15.65 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Leeward Investments LLC MA reduced its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 547,838 shares of the utilities provider’s stock after selling 14,799 shares during the period. Leeward Investments LLC MA owned 0.09% of CenterPoint Energy worth $15,652,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CNP. Global Retirement Partners LLC grew its holdings in CenterPoint Energy by 163.7% during the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 555 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in CenterPoint Energy during the 3rd quarter worth about $36,000. Larson Financial Group LLC grew its holdings in CenterPoint Energy by 634.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 1,200 shares during the period. Bay Harbor Wealth Management LLC acquired a new stake in CenterPoint Energy during the 4th quarter worth about $49,000. Finally, BluePath Capital Management LLC acquired a new stake in CenterPoint Energy during the 3rd quarter worth about $80,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

NYSE CNP opened at $28.86 on Friday. CenterPoint Energy, Inc. has a 52-week low of $25.42 and a 52-week high of $31.43. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.58 and a current ratio of 0.78. The company has a market capitalization of $18.27 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.58 and a beta of 0.92. The company has a fifty day moving average of $28.04 and a 200-day moving average of $28.01.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.77%. CenterPoint Energy’s dividend payout ratio is presently 58.82%.

Analysts Set New Price Targets

A number of analysts have weighed in on CNP shares. Barclays increased their price target on CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Thursday, March 14th. Scotiabank reduced their target price on 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. Guggenheim reduced their target price on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. KeyCorp raised their target price on CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Finally, Evercore ISI downgraded CenterPoint Energy from an “outperform” rating to an “in-line” rating and raised their target price for the company from $29.00 to $30.00 in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.18.

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.