Vident Investment Advisory LLC Purchases Shares of 18,750 CenterPoint Energy, Inc. (CNP)

Vident Investment Advisory LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,750 shares of the utilities provider’s stock, valued at approximately $548,000.

Other large investors have also recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC boosted its position in CenterPoint Energy by 2.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after buying an additional 100 shares in the last quarter. IHT Wealth Management LLC acquired a new position in CenterPoint Energy in the second quarter valued at about $153,000. Pinebridge Investments L.P. acquired a new position in CenterPoint Energy in the second quarter valued at about $154,000. Eagle Ridge Investment Management acquired a new position in CenterPoint Energy in the third quarter valued at about $201,000. Finally, Buckingham Asset Management LLC acquired a new position in CenterPoint Energy in the third quarter valued at about $201,000. Hedge funds and other institutional investors own 77.98% of the company’s stock.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.08, for a total value of $29,080.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 3,000 shares of company stock worth $88,080 over the last quarter. 0.20% of the stock is owned by company insiders.

A number of research firms have commented on CNP. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. BidaskClub upgraded shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Bank of America started coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, SunTrust Banks reiterated a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a research report on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $28.89.

CenterPoint Energy, Inc. (NYSE CNP) opened at $28.80 on Friday. CenterPoint Energy, Inc. has a 12-month low of $24.13 and a 12-month high of $30.45. The stock has a market cap of $12,409.47, a P/E ratio of 21.98, a PEG ratio of 3.84 and a beta of 0.62. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.91.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business earned $0.41 earnings per share. CenterPoint Energy’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts anticipate that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.85%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio is presently 78.10%.

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

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