11,313 Shares in CenterPoint Energy, Inc. (CNP) Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,313 shares of the utilities provider’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc increased its position in shares of CenterPoint Energy by 10.6% during the third quarter. Vanguard Group Inc now owns 54,775,862 shares of the utilities provider’s stock worth $1,514,553,000 after purchasing an additional 5,270,138 shares in the last quarter. BlackRock Inc. increased its position in shares of CenterPoint Energy by 2.1% during the fourth quarter. BlackRock Inc. now owns 50,135,104 shares of the utilities provider’s stock worth $1,415,315,000 after purchasing an additional 1,025,294 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of CenterPoint Energy by 16.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,788,204 shares of the utilities provider’s stock worth $219,860,000 after purchasing an additional 1,103,691 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CenterPoint Energy by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 7,131,126 shares of the utilities provider’s stock worth $200,993,000 after purchasing an additional 550,475 shares in the last quarter. Finally, FMR LLC increased its position in shares of CenterPoint Energy by 114.6% during the fourth quarter. FMR LLC now owns 6,472,243 shares of the utilities provider’s stock worth $182,711,000 after purchasing an additional 3,456,131 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

CNP stock traded up $0.30 during trading on Thursday, hitting $29.72. The company had a trading volume of 77,022 shares, compared to its average volume of 4,779,044. The stock has a market capitalization of $14.83 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.50 and a beta of 0.45. CenterPoint Energy, Inc. has a 1-year low of $25.10 and a 1-year high of $31.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 2.12.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.84 billion. CenterPoint Energy had a net margin of 3.39% and a return on equity of 13.31%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. Analysts expect that CenterPoint Energy, Inc. will post 1.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, May 15th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 71.88%.

In other CenterPoint Energy news, VP Joseph John Vortherms sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $30.10, for a total transaction of $60,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott M. Prochazka sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $29.98, for a total value of $119,920.00. The disclosure for this sale can be found here. Insiders sold a total of 135,000 shares of company stock worth $4,077,030 in the last 90 days. 0.24% of the stock is currently owned by insiders.

A number of analysts have recently commented on CNP shares. ValuEngine upgraded CenterPoint Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Goldman Sachs Group started coverage on CenterPoint Energy in a research report on Monday, February 25th. They set a “buy” rating and a $34.00 target price on the stock. Credit Suisse Group set a $33.00 target price on CenterPoint Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. cut their target price on CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada upgraded CenterPoint Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $29.00 to $34.00 in a research report on Friday, January 18th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.33.

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CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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

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