CenterPoint Energy Inc. (CNP) Stake Maintained by Huntington National Bank
Huntington National Bank maintained its position in CenterPoint Energy Inc. (NYSE:CNP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,965 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in CenterPoint Energy were worth $122,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CNP. Washington Trust Bank boosted its position in CenterPoint Energy by 133.7% in the second quarter. Washington Trust Bank now owns 5,384 shares of the company’s stock valued at $129,000 after buying an additional 3,080 shares during the period. Invictus RG purchased a new position in CenterPoint Energy during the first quarter valued at approximately $204,000. Kempner Capital Management Inc. boosted its position in CenterPoint Energy by 15.7% in the second quarter. Kempner Capital Management Inc. now owns 16,200 shares of the company’s stock valued at $389,000 after buying an additional 2,200 shares during the period. BlueMountain Capital Management LLC purchased a new position in CenterPoint Energy during the first quarter valued at approximately $394,000. Finally, Shell Asset Management Co. boosted its position in CenterPoint Energy by 6.3% in the second quarter. Shell Asset Management Co. now owns 19,249 shares of the company’s stock valued at $462,000 after buying an additional 1,146 shares during the period. 77.05% of the stock is owned by hedge funds and other institutional investors.
Shares of CenterPoint Energy Inc. (NYSE:CNP) traded down 1.79% on Friday, reaching $21.90. The company’s stock had a trading volume of 5,147,408 shares. The company’s market cap is $9.43 billion. CenterPoint Energy Inc. has a 52-week low of $16.05 and a 52-week high of $24.71. The firm has a 50 day moving average of $23.00 and a 200 day moving average of $22.60.
CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Friday, August 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.03. CenterPoint Energy had a negative net margin of 10.72% and a positive return on equity of 13.48%. The business earned $1.57 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts predict that CenterPoint Energy Inc. will post $1.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Tuesday, August 16th were given a $0.2575 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 4.70%. CenterPoint Energy’s payout ratio is -59.20%.
Several equities analysts have commented on the company. TheStreet cut CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Friday, August 5th. SunTrust Banks Inc. reiterated a “hold” rating and issued a $24.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, August 2nd. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. RBC Capital Markets set a $26.00 price objective on CenterPoint Energy and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, Credit Suisse Group AG set a $24.00 price objective on CenterPoint Energy and gave the company a “hold” rating in a research note on Monday, August 8th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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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