CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC trimmed its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 15.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,212 shares of the utilities provider’s stock after selling 2,335 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in CenterPoint Energy were worth $419,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of CenterPoint Energy by 51.3% during the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock valued at $33,000 after buying an additional 375 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of CenterPoint Energy by 3.2% during the fourth quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock valued at $441,000 after buying an additional 432 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of CenterPoint Energy by 53.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock valued at $44,000 after buying an additional 482 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of CenterPoint Energy by 2.4% during the third quarter. Metis Global Partners LLC now owns 20,538 shares of the utilities provider’s stock valued at $604,000 after buying an additional 484 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of CenterPoint Energy by 1.2% during the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock valued at $1,178,000 after buying an additional 489 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 2.6 %

CenterPoint Energy stock opened at $35.52 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. The business’s 50-day simple moving average is $33.03 and its 200-day simple moving average is $31.13. The firm has a market capitalization of $23.18 billion, a PE ratio of 22.34, a PEG ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $35.64.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a $0.22 dividend. The ex-dividend date was Thursday, February 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. CenterPoint Energy’s payout ratio is presently 55.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CNP shares. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays lifted their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, January 27th. Evercore ISI raised CenterPoint Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $36.00 to $37.00 in a research report on Tuesday. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective for the company. Finally, Morgan Stanley reduced their price objective on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, CenterPoint Energy has a consensus rating of “Hold” and an average target price of $32.77.

CenterPoint Energy Profile

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.