Victory Capital Management Inc. cut its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,812,383 shares of the utilities provider’s stock after selling 83,692 shares during the period. Victory Capital Management Inc.’s holdings in CenterPoint Energy were worth $51,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CNP. Thrivent Financial For Lutherans raised its holdings in shares of CenterPoint Energy by 2.7% in the second quarter. Thrivent Financial For Lutherans now owns 16,660 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 440 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CenterPoint Energy by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,027,759 shares of the utilities provider’s stock valued at $28,141,000 after purchasing an additional 10,373 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of CenterPoint Energy by 542.9% in the second quarter. Stifel Financial Corp now owns 74,221 shares of the utilities provider’s stock valued at $2,032,000 after purchasing an additional 62,676 shares during the last quarter. Gotham Asset Management LLC increased its holdings in CenterPoint Energy by 87.1% during the second quarter. Gotham Asset Management LLC now owns 33,702 shares of the utilities provider’s stock worth $923,000 after buying an additional 15,688 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in CenterPoint Energy during the second quarter worth $372,000. Institutional investors own 77.87% of the company’s stock.

CenterPoint Energy, Inc. (CNP) opened at $26.32 on Wednesday. The firm has a market cap of $11,599.11, a price-to-earnings ratio of 20.54, a P/E/G ratio of 3.06 and a beta of 0.56. CenterPoint Energy, Inc. has a fifty-two week low of $25.51 and a fifty-two week high of $30.45. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.22%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s payout ratio is presently 78.10%.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $27.91, for a total transaction of $27,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 3,000 shares of company stock worth $85,410. 0.20% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, February 2nd. SunTrust Banks restated a “hold” rating and set a $28.00 target price on shares of CenterPoint Energy in a report on Tuesday, December 26th. Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Citigroup boosted their target price on shares of CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Finally, Bank of America assumed coverage on shares of CenterPoint Energy in a report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.33.

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CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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