Anderson Fisher LLC decreased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 33.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,020 shares of the utilities provider’s stock after selling 1,520 shares during the period. Anderson Fisher LLC’s holdings in CenterPoint Energy were worth $93,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CNP. Vanguard Group Inc grew its stake in shares of CenterPoint Energy by 10.6% in the 3rd quarter. Vanguard Group Inc now owns 54,775,862 shares of the utilities provider’s stock valued at $1,514,553,000 after buying an additional 5,270,138 shares during the period. Norges Bank purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at approximately $146,903,000. FMR LLC grew its stake in shares of CenterPoint Energy by 114.6% in the 4th quarter. FMR LLC now owns 6,472,243 shares of the utilities provider’s stock valued at $182,711,000 after buying an additional 3,456,131 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in shares of CenterPoint Energy in the 1st quarter valued at approximately $69,287,000. Finally, Zimmer Partners LP purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at approximately $56,120,000. 78.35% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on CNP. Goldman Sachs Group began coverage on shares of CenterPoint Energy in a research note on Monday, February 25th. They issued a “buy” rating and a $34.00 price target for the company. Credit Suisse Group set a $33.00 price target on shares of CenterPoint Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Wells Fargo & Co restated a “buy” rating on shares of CenterPoint Energy in a report on Thursday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.00.

In other CenterPoint Energy news, insider Milton Carroll sold 19,780 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $29.70, for a total transaction of $587,466.00. Following the sale, the insider now directly owns 98,301 shares in the company, valued at approximately $2,919,539.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Scott M. Prochazka sold 7,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.90, for a total transaction of $216,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,780 shares of company stock worth $1,573,746. Company insiders own 0.24% of the company’s stock.

Shares of CNP stock opened at $28.98 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12. CenterPoint Energy, Inc. has a one year low of $25.61 and a one year high of $31.42. The company has a market capitalization of $14.53 billion, a PE ratio of 18.11, a P/E/G ratio of 3.22 and a beta of 0.51.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). CenterPoint Energy had a return on equity of 13.31% and a net margin of 3.39%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that CenterPoint Energy, Inc. will post 1.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.15 annualized dividend and a dividend yield of 3.97%. CenterPoint Energy’s dividend payout ratio is currently 71.88%.

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CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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

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