CenterPoint Energy, Inc. $CNP Holdings Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,977 shares of the utilities provider’s stock after acquiring an additional 3,698 shares during the period. Teacher Retirement System of Texas’ holdings in CenterPoint Energy were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in CenterPoint Energy during the 1st quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new stake in shares of CenterPoint Energy in the second quarter valued at $26,000. Chung Wu Investment Group LLC bought a new position in CenterPoint Energy during the second quarter valued at about $29,000. Ameritas Advisory Services LLC acquired a new position in CenterPoint Energy during the second quarter worth about $33,000. Finally, Motco raised its position in CenterPoint Energy by 107.8% in the first quarter. Motco now owns 1,039 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 539 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 1.6%

Shares of NYSE:CNP opened at $38.28 on Friday. The firm has a 50 day simple moving average of $38.64 and a 200 day simple moving average of $37.77. CenterPoint Energy, Inc. has a 52 week low of $28.57 and a 52 week high of $40.50. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.38 and a current ratio of 0.51. The company has a market cap of $24.99 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, October 23rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.04 billion. CenterPoint Energy had a net margin of 11.37% and a return on equity of 10.25%. During the same period in the previous year, the business earned $0.31 EPS. As a group, research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s dividend payout ratio is currently 55.70%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company began coverage on shares of CenterPoint Energy in a report on Monday, October 27th. They issued an “overweight” rating and a $44.00 price target for the company. Evercore ISI started coverage on shares of CenterPoint Energy in a research note on Monday, October 6th. They set an “in-line” rating and a $42.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a report on Wednesday, October 8th. Mizuho set a $42.00 price target on CenterPoint Energy in a report on Tuesday, October 21st. Finally, Scotiabank raised their price objective on CenterPoint Energy from $42.00 to $45.00 and gave the stock a “sector outperform” rating in a research note on Friday, October 24th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.50.

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.