Dimensional Fund Advisors LP Acquires 2,799 Shares of CenterPoint Energy, Inc. (CNP)
Dimensional Fund Advisors LP lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,030,558 shares of the utilities provider’s stock after acquiring an additional 2,799 shares during the period. Dimensional Fund Advisors LP owned approximately 0.24% of CenterPoint Energy worth $30,102,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new stake in shares of CenterPoint Energy in the second quarter worth $153,000. Pinebridge Investments L.P. purchased a new position in shares of CenterPoint Energy in the second quarter valued at $154,000. Eagle Ridge Investment Management purchased a new position in shares of CenterPoint Energy in the third quarter valued at $201,000. Buckingham Asset Management LLC purchased a new position in shares of CenterPoint Energy in the third quarter valued at $201,000. Finally, Edgestream Partners L.P. purchased a new position in shares of CenterPoint Energy in the third quarter valued at $202,000. 77.72% of the stock is owned by institutional investors.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $29.39, for a total transaction of $29,390.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $87,110 over the last quarter. 0.20% of the stock is currently owned by insiders.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. analysts anticipate that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.03%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio is 78.10%.
CNP has been the subject of several analyst reports. SunTrust Banks restated a “hold” rating and issued a $30.00 target price on shares of CenterPoint Energy in a research note on Monday, October 2nd. JPMorgan Chase & Co. set a $30.00 target price on shares of CenterPoint Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. Bank of America initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 target price for the company. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Citigroup upped their target price on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.33.
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CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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