Lucus Advisors LLC Has $343,000 Position in CenterPoint Energy Inc. (CNP)
Lucus Advisors LLC cut its stake in shares of CenterPoint Energy Inc. (NYSE:CNP) by 42.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,285 shares of the company’s stock after selling 10,503 shares during the period. Lucus Advisors LLC’s holdings in CenterPoint Energy were worth $343,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in CNP. American Century Companies Inc. purchased a new position in CenterPoint Energy during the second quarter valued at approximately $6,004,000. Candriam Luxembourg S.C.A. bought a new stake in CenterPoint Energy during the second quarter worth $2,955,000. Retirement Systems of Alabama increased its stake 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 during the last quarter. WealthTrust Axiom LLC increased its stake 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 during the last quarter. Finally, Conning Inc. increased its stake 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 during the last quarter. 77.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CenterPoint Energy Inc. (NYSE:CNP) traded down 1.42% on Monday, hitting $22.90. 2,697,071 shares of the stock were exchanged. CenterPoint Energy Inc. has a 52-week low of $16.05 and a 52-week high of $24.71. The company’s market cap is $9.86 billion. The company has a 50 day moving average of $23.03 and a 200 day moving average of $22.59.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company earned $1.57 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.19 earnings per share. Equities research analysts forecast that CenterPoint Energy Inc. will post $1.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Tuesday, August 16th were given a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Friday, August 12th. CenterPoint Energy’s dividend payout ratio (DPR) is -59.20%.
CNP has been the topic of a number of research analyst reports. Argus restated a “buy” rating on shares of CenterPoint Energy in a research note on Wednesday, June 8th. Wells Fargo & Co. downgraded shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. Tudor Pickering downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, SunTrust Banks Inc. restated a “hold” rating and issued a $24.00 price target on shares of CenterPoint Energy in a research note on Tuesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.68.
CenterPoint Energy Company Profile
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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