Oregon Public Employees Retirement Fund Buys 55,108 Shares of CenterPoint Energy, Inc. (NYSE:CNP)
Oregon Public Employees Retirement Fund grew its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 110.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,201 shares of the utilities provider’s stock after purchasing an additional 55,108 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CenterPoint Energy were worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in CNP. Prime Capital Investment Advisors LLC bought a new stake in CenterPoint Energy during the 3rd quarter worth approximately $27,000. Oppenheimer Asset Management Inc. bought a new stake in CenterPoint Energy during the 3rd quarter worth approximately $34,000. Dupont Capital Management Corp bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $47,000. Parallel Advisors LLC grew its position in CenterPoint Energy by 161.8% during the 3rd quarter. Parallel Advisors LLC now owns 1,809 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Allred Capital Management LLC bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $84,000. Institutional investors own 79.74% of the company’s stock.
A number of equities research analysts recently commented on the company. Morgan Stanley restated a “hold” rating and set a $27.00 price target (down from $31.00) on shares of CenterPoint Energy in a research report on Monday, November 18th. Mizuho decreased their price target on CenterPoint Energy from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $28.00 price target on shares of CenterPoint Energy in a research report on Friday, December 13th. UBS Group decreased their price target on CenterPoint Energy from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Finally, SunTrust Banks lowered CenterPoint Energy from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.07.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 20th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.27%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 19th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 71.88%.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 7,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.83, for a total value of $187,810.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by company insiders.
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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