Candriam Luxembourg S.C.A. lowered its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 80.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 115,967 shares of the utilities provider’s stock after selling 476,219 shares during the period. Candriam Luxembourg S.C.A.’s holdings in CenterPoint Energy were worth $3,175,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNP. BlackRock Inc. boosted its position in CenterPoint Energy by 1,521.6% in the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock valued at $1,076,193,000 after buying an additional 36,627,665 shares during the period. Vanguard Group Inc. boosted its position in CenterPoint Energy by 5.3% in the first quarter. Vanguard Group Inc. now owns 47,293,206 shares of the utilities provider’s stock valued at $1,303,873,000 after buying an additional 2,359,375 shares during the period. Bank of Montreal Can boosted its position in CenterPoint Energy by 44.9% in the first quarter. Bank of Montreal Can now owns 3,538,779 shares of the utilities provider’s stock valued at $97,563,000 after buying an additional 1,096,176 shares during the period. Janus Capital Management LLC raised its stake in shares of CenterPoint Energy by 30.5% in the first quarter. Janus Capital Management LLC now owns 3,812,467 shares of the utilities provider’s stock valued at $105,110,000 after buying an additional 891,785 shares in the last quarter. Finally, State Street Corp raised its stake in shares of CenterPoint Energy by 3.6% in the first quarter. State Street Corp now owns 23,857,898 shares of the utilities provider’s stock valued at $657,763,000 after buying an additional 818,887 shares in the last quarter. Institutional investors and hedge funds own 76.76% of the company’s stock.
Shares of CenterPoint Energy, Inc. (CNP) traded up 0.83% during trading on Friday, reaching $29.01. 3,520,555 shares of the company traded hands. The company has a market capitalization of $12.50 billion, a P/E ratio of 20.72 and a beta of 0.64. The company’s 50-day moving average price is $28.13 and its 200-day moving average price is $27.79. CenterPoint Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $29.45.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, August 14th. CenterPoint Energy’s payout ratio is 76.98%.
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Several brokerages have commented on CNP. BidaskClub raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $28.82 to $29.00 in a research report on Monday, August 14th. Finally, J P Morgan Chase & Co assumed coverage on shares of CenterPoint Energy in a research report on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CenterPoint Energy currently has a consensus rating of “Hold” and an average target price of $27.78.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $27.66, for a total transaction of $27,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 3,000 shares of company stock valued at $84,560 over the last ninety days. 0.20% of the stock is owned by insiders.
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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