123,140 Shares in CenterPoint Energy Inc. (CNP) Acquired by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. purchased a new stake in CenterPoint Energy Inc. (NYSE:CNP) during the second quarter, according to its most recent filing with the SEC. The firm purchased 123,140 shares of the company’s stock, valued at approximately $2,955,000.
A number of other large investors also recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in CenterPoint Energy by 0.6% in the second quarter. Retirement Systems of Alabama now owns 219,535 shares of the company’s stock worth $5,269,000 after buying an additional 1,415 shares in the last quarter. WealthTrust Axiom LLC raised its position in CenterPoint Energy by 0.4% in the second quarter. WealthTrust Axiom LLC now owns 14,232 shares of the company’s stock worth $341,000 after buying an additional 59 shares in the last quarter. Conning Inc. raised its position in CenterPoint Energy by 3.4% in the second quarter. Conning Inc. now owns 10,332 shares of the company’s stock worth $248,000 after buying an additional 340 shares in the last quarter. PGGM Investments raised its position in CenterPoint Energy by 0.5% in the second quarter. PGGM Investments now owns 2,102,608 shares of the company’s stock worth $50,463,000 after buying an additional 10,567 shares in the last quarter. Finally, Strs Ohio raised its position in CenterPoint Energy by 43.7% in the second quarter. Strs Ohio now owns 86,582 shares of the company’s stock worth $2,077,000 after buying an additional 26,332 shares in the last quarter. Hedge funds and other institutional investors own 77.05% of the company’s stock.
CenterPoint Energy Inc. (NYSE:CNP) traded down 1.48% during mid-day trading on Friday, reaching $23.23. 5,115,785 shares of the company were exchanged. The company’s 50 day moving average price is $23.02 and its 200-day moving average price is $22.55. CenterPoint Energy Inc. has a 12 month low of $16.05 and a 12 month high of $24.71. The stock’s market capitalization is $10.00 billion.
CenterPoint Energy (NYSE:CNP) last issued its earnings results on Friday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.62 billion. CenterPoint Energy had a positive return on equity of 13.48% and a negative net margin of 10.72%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. On average, equities analysts expect that CenterPoint Energy Inc. will post $1.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Tuesday, August 16th were issued a dividend of $0.2575 per share. The ex-dividend date was Friday, August 12th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 4.43%. CenterPoint Energy’s dividend payout ratio (DPR) is -59.20%.
A number of research firms have commented on CNP. RBC Capital Markets set a $26.00 price objective on shares of CenterPoint Energy and gave the company a “buy” rating in a research note on Monday, August 8th. Wells Fargo & Co. lowered shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. SunTrust Banks Inc. restated a “hold” rating and issued a $24.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, August 2nd. Argus restated a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of CenterPoint Energy in a research note on Friday, July 1st. Finally, Deutsche Bank AG dropped their price objective on shares of CenterPoint Energy from $24.50 to $24.00 and set a “hold” rating on the stock in a research note on Monday, August 8th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.68.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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