Alphasimplex Group LLC Takes Position in CenterPoint Energy, Inc. (NYSE:CNP)

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Alphasimplex Group LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the 1st quarter, HoldingsChannel reports. The fund purchased 20,330 shares of the utilities provider’s stock, valued at approximately $624,000.

Other institutional investors also recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its holdings in shares of CenterPoint Energy by 22.5% in the first quarter. Neuberger Berman Group LLC now owns 773,351 shares of the utilities provider’s stock valued at $23,741,000 after acquiring an additional 142,111 shares during the period. Duality Advisers LP boosted its holdings in shares of CenterPoint Energy by 145.9% in the first quarter. Duality Advisers LP now owns 399,820 shares of the utilities provider’s stock valued at $12,274,000 after acquiring an additional 237,220 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of CenterPoint Energy in the first quarter valued at approximately $25,000. Commonwealth Equity Services LLC boosted its holdings in shares of CenterPoint Energy by 4.4% in the first quarter. Commonwealth Equity Services LLC now owns 136,701 shares of the utilities provider’s stock valued at $4,196,000 after acquiring an additional 5,821 shares during the period. Finally, Simmons Bank acquired a new stake in shares of CenterPoint Energy in the first quarter valued at approximately $215,000. Institutional investors own 78.35% of the company’s stock.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $30.90, for a total value of $216,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Milton Carroll sold 19,780 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $29.70, for a total value of $587,466.00. Following the completion of the sale, the insider now directly owns 98,301 shares of the company’s stock, valued at approximately $2,919,539.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,780 shares of company stock valued at $1,573,746. Corporate insiders own 0.24% of the company’s stock.

Shares of NYSE CNP opened at $28.64 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.09 and a quick ratio of 0.97. CenterPoint Energy, Inc. has a 1-year low of $25.27 and a 1-year high of $31.42. The firm has a market cap of $14.52 billion, a P/E ratio of 17.90, a P/E/G ratio of 3.22 and a beta of 0.51.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). CenterPoint Energy had a return on equity of 13.31% and a net margin of 3.39%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the business earned $0.55 earnings per share. CenterPoint Energy’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict 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 issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Wednesday, May 15th. CenterPoint Energy’s dividend payout ratio is presently 71.88%.

Several research firms have recently weighed in on CNP. KeyCorp began coverage on CenterPoint Energy in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. JPMorgan Chase & Co. decreased their price objective on CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, May 15th. Credit Suisse Group set a $33.00 price objective on CenterPoint Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Morgan Stanley initiated coverage on CenterPoint Energy in a report on Wednesday, June 5th. They set an “equal weight” rating and a $30.00 price target for the company. Finally, ValuEngine downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.00.

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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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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).

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

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