82,345 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,345 shares of the utilities provider’s stock, valued at approximately $2,346,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC raised its stake in CenterPoint Energy by 163.7% during the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after buying an additional 555 shares during the last quarter. Larson Financial Group LLC raised its position 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 worth $37,000 after purchasing an additional 1,200 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in CenterPoint Energy during the 4th quarter valued at about $43,000. Western Pacific Wealth Management LP purchased a new position in CenterPoint Energy in the fourth quarter worth about $48,000. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of CenterPoint Energy in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 1.4 %

CNP stock traded up $0.42 during mid-day trading on Tuesday, reaching $30.41. 6,786,590 shares of the stock traded hands, compared to its average volume of 4,357,749. CenterPoint Energy, Inc. has a one year low of $25.42 and a one year high of $31.43. The stock has a market capitalization of $19.45 billion, a PE ratio of 21.42, a PEG ratio of 2.65 and a beta of 0.91. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.25. The business has a 50-day moving average price of $28.63 and a two-hundred day moving average price of $28.29.

CenterPoint Energy (NYSE:CNPGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. CenterPoint Energy had a net margin of 11.03% and a return on equity of 10.57%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the business posted $0.50 earnings per share. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. CenterPoint Energy’s payout ratio is 56.34%.

Insider Activity at CenterPoint Energy

In other CenterPoint Energy news, Director Barry T. Smitherman sold 5,670 shares of CenterPoint Energy stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $29.42, for a total transaction of $166,811.40. Following the completion of the sale, the director now directly owns 21,203 shares of the company’s stock, valued at approximately $623,792.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNP. StockNews.com raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Mizuho reaffirmed a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Guggenheim decreased their target price on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Scotiabank reduced their price target on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, KeyCorp increased their price objective on shares of CenterPoint Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.36.

Get Our Latest Stock Analysis on CenterPoint Energy

CenterPoint Energy Profile

(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.

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

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