Thompson Siegel & Walmsley LLC Has $457,000 Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Thompson Siegel & Walmsley LLC lowered its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 99.2% during the third quarter, Holdings Channel.com reports. The firm owned 15,547 shares of the utilities provider’s stock after selling 2,056,891 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in CenterPoint Energy were worth $457,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in CenterPoint Energy by 38.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,602,621 shares of the utilities provider’s stock worth $302,070,000 after buying an additional 2,961,464 shares in the last quarter. Railway Pension Investments Ltd acquired a new position in shares of CenterPoint Energy during the second quarter worth approximately $63,758,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of CenterPoint Energy by 46.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,666,563 shares of the utilities provider’s stock worth $144,570,000 after purchasing an additional 1,484,079 shares in the last quarter. Maple Brown Abbott Ltd bought a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $42,548,000. Finally, Merewether Investment Management LP acquired a new stake in shares of CenterPoint Energy in the second quarter valued at approximately $31,188,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.6 %

Shares of NYSE CNP opened at $31.93 on Friday. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $32.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11. The stock has a market cap of $20.81 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.72 and a beta of 0.92. The firm has a 50 day moving average price of $29.71 and a 200 day moving average price of $29.17.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. During the same quarter in the previous year, the business earned $0.40 EPS. Analysts expect that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.21 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, November 21st. CenterPoint Energy’s dividend payout ratio is 55.63%.

Wall Street Analysts Forecast Growth

CNP has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday. StockNews.com cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. BMO Capital Markets reissued a “market perform” rating and set a $28.00 price objective on shares of CenterPoint Energy in a report on Monday, August 26th. Wells Fargo & Company raised their target price on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Bank of America assumed coverage on shares of CenterPoint Energy in a research note on Thursday, September 12th. They set a “neutral” rating and a $29.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.00.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.