Capstone Investment Advisors LLC Has $339,000 Position in CenterPoint Energy, Inc. (NYSE:CNP)

Capstone Investment Advisors LLC reduced its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 24.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,520 shares of the utilities provider’s stock after selling 3,665 shares during the quarter. Capstone Investment Advisors LLC’s holdings in CenterPoint Energy were worth $339,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CNP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CenterPoint Energy by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,177,364 shares of the utilities provider’s stock worth $93,478,000 after buying an additional 65,139 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of CenterPoint Energy by 4.9% during the third quarter. Public Sector Pension Investment Board now owns 113,705 shares of the utilities provider’s stock worth $3,345,000 after acquiring an additional 5,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CenterPoint Energy by 3.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,174 shares of the utilities provider’s stock valued at $3,653,000 after purchasing an additional 4,663 shares during the last quarter. Bridgewater Associates LP acquired a new position in CenterPoint Energy in the 3rd quarter valued at $7,062,000. Finally, Brooklyn Investment Group bought a new position in CenterPoint Energy during the third quarter worth about $68,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.0 %

Shares of CNP stock opened at $32.65 on Friday. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $32.86. The business’s fifty day moving average is $30.05 and its 200 day moving average is $29.25. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11. The company has a market capitalization of $21.28 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.83 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $0.40 EPS. On average, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.21 dividend. The ex-dividend date is Thursday, November 21st. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.57%. CenterPoint Energy’s dividend payout ratio is currently 55.63%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. KeyCorp lowered CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. Bank of America assumed coverage on shares of CenterPoint Energy in a research report on Thursday, September 12th. They set a “neutral” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. lowered CenterPoint Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $32.00 to $29.00 in a research report on Friday, August 2nd. Finally, StockNews.com downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.