Parkwood LLC cut its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 53.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,168 shares of the utilities provider’s stock after selling 15,362 shares during the period. Parkwood LLC’s holdings in CenterPoint Energy were worth $361,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in CenterPoint Energy by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 9,398 shares of the utilities provider’s stock worth $260,000 after buying an additional 32 shares in the last quarter. Cleararc Capital Inc. boosted its position in shares of CenterPoint Energy by 0.8% in the first quarter. Cleararc Capital Inc. now owns 10,542 shares of the utilities provider’s stock worth $291,000 after buying an additional 84 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of CenterPoint Energy by 0.3% in the first quarter. Advantus Capital Management Inc now owns 43,232 shares of the utilities provider’s stock worth $1,192,000 after buying an additional 119 shares during the last quarter. Conning Inc. boosted its position in CenterPoint Energy by 1.5% in the first quarter. Conning Inc. now owns 11,302 shares of the utilities provider’s stock worth $312,000 after buying an additional 170 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its position in CenterPoint Energy by 2.0% in the first quarter. Atlantic Trust Group LLC now owns 10,278 shares of the utilities provider’s stock worth $284,000 after buying an additional 200 shares in the last quarter. 76.76% of the stock is owned by institutional investors and hedge funds.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at 29.01 on Friday. The company has a market cap of $12.50 billion, a P/E ratio of 20.72 and a beta of 0.64. CenterPoint Energy, Inc. has a one year low of $21.83 and a one year high of $29.45. The company’s 50-day moving average price is $28.13 and its 200 day moving average price is $27.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be given a dividend of $0.2675 per share. The ex-dividend date is Monday, August 14th. This represents a $1.07 annualized dividend and a yield of 3.69%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 76.98%.
A number of research firms have issued reports on CNP. BidaskClub upgraded CenterPoint Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $28.82 to $29.00 in a research note on Monday, August 14th. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Finally, J P Morgan Chase & Co started coverage on CenterPoint Energy in a research note on Thursday, June 29th. They set a “neutral” rating and a $29.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.78.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $28.67, for a total value of $28,670.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 3,000 shares of company stock worth $84,560 over the last quarter. 0.20% of the stock is owned by company insiders.
About CenterPoint Energy
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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