Stephens Inc. AR trimmed its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 51.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,085 shares of the utilities provider’s stock after selling 8,591 shares during the period. Stephens Inc. AR’s holdings in CenterPoint Energy were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CNP. Tortoise Investment Management LLC purchased a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $120,000. SeaCrest Wealth Management LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $135,000. Welch Group LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $148,000. Eagle Ridge Investment Management purchased a new position in shares of CenterPoint Energy during the 3rd quarter worth approximately $201,000. Finally, Buckingham Asset Management LLC acquired a new stake in shares of CenterPoint Energy in the 3rd quarter worth approximately $201,000. 77.85% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America assumed coverage on CenterPoint Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price target on the stock. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Citigroup upped their price target on CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Finally, SunTrust Banks restated a “hold” rating and issued a $28.00 price target on shares of CenterPoint Energy in a report on Tuesday, December 26th. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. CenterPoint Energy presently has an average rating of “Hold” and an average price target of $29.11.

Shares of CenterPoint Energy, Inc. (CNP) opened at $26.19 on Thursday. The company 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 current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. CenterPoint Energy, Inc. has a fifty-two week low of $25.51 and a fifty-two week high of $30.45.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Wednesday, February 14th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s dividend payout ratio is 78.10%.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $29.39, for a total transaction of $29,390.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 3,000 shares of company stock worth $85,410. 0.20% of the stock is owned by insiders.

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

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