Sentinel Trust Co. LBA Has $2.17 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)
Sentinel Trust Co. LBA increased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 19.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,383 shares of the utilities provider’s stock after buying an additional 12,795 shares during the period. Sentinel Trust Co. LBA’s holdings in CenterPoint Energy were worth $2,174,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. AXA bought a new position in CenterPoint Energy during the first quarter worth $3,436,000. BlackRock Inc. raised its position in CenterPoint Energy by 1,521.6% in the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock worth $1,076,193,000 after buying an additional 36,627,665 shares during the period. Federated Investors Inc. PA raised its position in CenterPoint Energy by 0.7% in the fourth quarter. Federated Investors Inc. PA now owns 20,922 shares of the utilities provider’s stock worth $516,000 after buying an additional 140 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in CenterPoint Energy by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,912 shares of the utilities provider’s stock worth $281,000 after buying an additional 529 shares during the period. Finally, Sawtooth Solutions LLC raised its position in CenterPoint Energy by 13.1% in the first quarter. Sawtooth Solutions LLC now owns 10,003 shares of the utilities provider’s stock worth $276,000 after buying an additional 1,162 shares during the period. 77.35% of the stock is currently owned by institutional investors.
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CenterPoint Energy, Inc. (NYSE CNP) traded up 0.18% during trading on Monday, reaching $28.19. The company had a trading volume of 3,866,530 shares. The company has a market capitalization of $12.15 billion, a P/E ratio of 26.10 and a beta of 0.63. The firm’s 50 day moving average is $27.92 and its 200-day moving average is $27.47. CenterPoint Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $29.08.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. CenterPoint Energy had a return on equity of 15.20% and a net margin of 5.68%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The firm’s quarterly revenue was up 37.9% on a year-over-year basis. On average, equities analysts expect that CenterPoint Energy, Inc. will post $1.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, August 14th. CenterPoint Energy’s dividend payout ratio (DPR) is 100.00%.
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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 $32.00 price objective on the stock in a research note on Friday, June 16th. J P Morgan Chase & Co began coverage on CenterPoint Energy in a research note on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target on the stock. Deutsche Bank AG upped their price target on CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Finally, BidaskClub lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.33.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $27.66, for a total value of $27,660.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
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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