CenterPoint Energy, Inc. $CNP Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in CenterPoint Energy, Inc. (NYSE:CNP) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 106,426 shares of the utilities provider’s stock after acquiring an additional 1,530 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CenterPoint Energy were worth $3,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CNP. Signature Estate & Investment Advisors LLC lifted its holdings in shares of CenterPoint Energy by 3.9% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 7,627 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 286 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of CenterPoint Energy by 21.5% in the 1st quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 293 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of CenterPoint Energy by 17.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 304 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of CenterPoint Energy by 1.6% in the 2nd quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider’s stock worth $778,000 after acquiring an additional 342 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its holdings in shares of CenterPoint Energy by 5.5% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 392 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Down 0.1%

Shares of NYSE:CNP opened at $39.56 on Friday. CenterPoint Energy, Inc. has a 52 week low of $28.57 and a 52 week high of $40.50. The company’s 50 day moving average is $38.54 and its two-hundred day moving average is $37.68. The company has a current ratio of 0.51, a quick ratio of 0.61 and a debt-to-equity ratio of 1.76. The company has a market cap of $25.82 billion, a PE ratio of 25.03, a P/E/G ratio of 2.83 and a beta of 0.57.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, October 23rd. The utilities provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. CenterPoint Energy had a net margin of 11.37% and a return on equity of 10.25%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm posted $0.31 EPS. Equities analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy’s dividend payout ratio is currently 55.70%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CNP shares. Barclays upped their price objective on shares of CenterPoint Energy from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday. Mizuho set a $42.00 price objective on shares of CenterPoint Energy in a report on Tuesday. Scotiabank upped their price objective on shares of CenterPoint Energy from $42.00 to $45.00 and gave the stock a “sector outperform” rating in a report on Friday. Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley upped their target price on shares of CenterPoint Energy from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Five 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.com, the company presently has a consensus rating of “Hold” and an average price target of $41.25.

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.