Keybank National Association OH Sells 878 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Keybank National Association OH reduced its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,120 shares of the utilities provider’s stock after selling 878 shares during the period. Keybank National Association OH’s holdings in CenterPoint Energy were worth $1,178,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in CenterPoint Energy in the 3rd quarter valued at $26,000. First Horizon Advisors Inc. boosted its holdings in CenterPoint Energy by 51.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 375 shares during the period. BankPlus Trust Department bought a new stake in CenterPoint Energy in the 4th quarter valued at $40,000. MassMutual Private Wealth & Trust FSB boosted its holdings in CenterPoint Energy by 53.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 482 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in CenterPoint Energy in the 3rd quarter valued at $52,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CNP has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a report on Tuesday, December 3rd. Barclays increased their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. LADENBURG THALM/SH SH assumed coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 price objective for the company. Finally, Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average target price of $31.65.

CenterPoint Energy Trading Up 2.6 %

Shares of CenterPoint Energy stock opened at $34.26 on Friday. The stock has a market capitalization of $22.33 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The company has a 50-day simple moving average of $32.68 and a 200 day simple moving average of $30.79. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $34.85.

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

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.57%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.21. CenterPoint Energy’s dividend payout ratio (DPR) is 55.35%.

CenterPoint Energy Company 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.