Crossmark Global Holdings Inc. cut its position in CenterPoint Energy, Inc. (NYSE:CNP) by 12.8% during the fourth quarter, Holdings Channel reports. The fund owned 48,274 shares of the utilities provider’s stock after selling 7,086 shares during the period. Crossmark Global Holdings Inc.’s holdings in CenterPoint Energy were worth $1,369,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CNP. Thrivent Financial For Lutherans boosted its stake in shares of CenterPoint Energy by 2.7% in the second quarter. Thrivent Financial For Lutherans now owns 16,660 shares of the utilities provider’s stock worth $456,000 after acquiring an additional 440 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CenterPoint Energy by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,027,759 shares of the utilities provider’s stock worth $28,141,000 after acquiring an additional 10,373 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of CenterPoint Energy by 87.1% in the second quarter. Gotham Asset Management LLC now owns 33,702 shares of the utilities provider’s stock worth $923,000 after acquiring an additional 15,688 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of CenterPoint Energy in the second quarter worth approximately $372,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of CenterPoint Energy by 3.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 52,079 shares of the utilities provider’s stock worth $1,426,000 after acquiring an additional 1,791 shares during the last quarter. 77.85% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $29.39, for a total value of $29,390.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 3,000 shares of company stock worth $85,410. Corporate insiders own 0.20% of the company’s stock.

CNP has been the topic of a number of recent research reports. Zacks Investment Research raised CenterPoint Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday. SunTrust Banks set a $27.00 price objective on CenterPoint Energy and gave the stock a “hold” rating in a research note on Monday. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. Citigroup boosted their price objective on CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, November 20th. Finally, Bank of America initiated coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $30.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $29.11.

CenterPoint Energy, Inc. (NYSE CNP) opened at $26.19 on Thursday. The firm has a market capitalization of $11,538.77, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 3.01 and a beta of 0.56. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.91. CenterPoint Energy, Inc. has a 12 month low of $25.51 and a 12 month high of $30.45.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s dividend payout ratio is 78.10%.

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About CenterPoint Energy

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

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