CSat Investment Advisory L.P. Sells 7,509 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

CSat Investment Advisory L.P. lessened its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,350 shares of the utilities provider’s stock after selling 7,509 shares during the period. CSat Investment Advisory L.P.’s holdings in CenterPoint Energy were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of CNP. Edmond DE Rothschild Holding S.A. acquired a new position in CenterPoint Energy in the 1st quarter valued at approximately $25,000. Advantage Investment Management LLC lifted its position in CenterPoint Energy by 432.7% during the second quarter. Advantage Investment Management LLC now owns 1,598 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 1,298 shares during the last quarter. TD Capital Management LLC bought a new stake in CenterPoint Energy during the second quarter valued at approximately $47,000. Bremer Bank National Association bought a new stake in CenterPoint Energy during the first quarter valued at approximately $49,000. Finally, Resources Investment Advisors Inc. lifted its position in CenterPoint Energy by 1,415.1% during the first quarter. Resources Investment Advisors Inc. now owns 1,606 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 1,500 shares during the last quarter. 80.21% of the stock is owned by institutional investors.

In other news, CEO Scott M. Prochazka sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $29.03, for a total transaction of $203,210.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 21,000 shares of company stock valued at $596,890 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

CNP has been the subject of a number of recent research reports. Mizuho initiated coverage on shares of CenterPoint Energy in a report on Monday, June 3rd. They issued a “buy” rating and a $31.00 price objective for the company. KeyCorp initiated coverage on shares of CenterPoint Energy in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. SunTrust Banks upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $32.00 in a report on Friday, September 6th. Stifel Nicolaus upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $32.00 in a report on Friday, September 6th. Finally, Bank of America upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.32 price objective for the company in a report on Thursday, June 13th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.02.

Shares of NYSE CNP traded up $0.29 during mid-day trading on Friday, hitting $30.33. The stock had a trading volume of 3,607,708 shares, compared to its average volume of 4,283,461. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.95 and a current ratio of 1.11. CenterPoint Energy, Inc. has a 1 year low of $26.74 and a 1 year high of $31.42. The business has a 50 day moving average price of $28.42 and a two-hundred day moving average price of $29.42. The firm has a market cap of $15.05 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 3.31 and a beta of 0.47.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.79 billion. CenterPoint Energy had a net margin of 5.55% and a return on equity of 13.59%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Wednesday, August 14th. CenterPoint Energy’s dividend payout ratio (DPR) is currently 71.88%.

CenterPoint Energy Company 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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