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.
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%.
COPYRIGHT VIOLATION WARNING: “Vident Investment Advisory LLC Purchases Shares of 18,750 CenterPoint Energy, Inc. (CNP)” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/17/vident-investment-advisory-llc-purchases-shares-of-18750-centerpoint-energy-inc-cnp.html.
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.
Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. (NYSE:CNP).
Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.