NBC Securities Inc. Has $2.89 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

NBC Securities Inc. boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,127 shares of the utilities provider’s stock after acquiring an additional 6,393 shares during the period. NBC Securities Inc.’s holdings in CenterPoint Energy were worth $2,889,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in shares of CenterPoint Energy by 163.7% in the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 555 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of CenterPoint Energy by 634.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,200 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of CenterPoint Energy during the 4th quarter worth about $49,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of CenterPoint Energy by 73.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,094 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 884 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in CenterPoint Energy in the fourth quarter valued at about $69,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Barry T. Smitherman sold 5,670 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $29.42, for a total value of $166,811.40. Following the transaction, the director now owns 21,203 shares of the company’s stock, valued at approximately $623,792.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CNP. Mizuho restated a “neutral” rating and set a $29.00 price target (down previously from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Barclays raised their target price on CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Thursday, March 14th. Guggenheim lowered their price target on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. StockNews.com upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Evercore ISI cut shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and a consensus target price of $30.18.

Get Our Latest Analysis on CenterPoint Energy

CenterPoint Energy Trading Down 0.3 %

NYSE:CNP traded down $0.09 during trading hours on Friday, hitting $29.70. 10,141,816 shares of the stock were exchanged, compared to its average volume of 4,534,555. The company’s 50 day moving average is $28.39 and its two-hundred day moving average is $28.15. The company has a market capitalization of $19.00 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.91. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.43. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 1.81.

CenterPoint Energy (NYSE:CNPGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same quarter last year, the business earned $0.50 earnings per share. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. CenterPoint Energy’s payout ratio is presently 56.34%.

About CenterPoint Energy

(Free Report)

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.

See Also

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

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