CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,838 shares of the utilities provider’s stock after selling 14,799 shares during the quarter. Leeward Investments LLC MA’s holdings in CenterPoint Energy were worth $15,652,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of CenterPoint Energy by 51.6% in the 3rd quarter. SG Americas Securities LLC now owns 75,806 shares of the utilities provider’s stock valued at $2,035,000 after acquiring an additional 25,804 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in CenterPoint Energy by 3.1% during the third quarter. DAVENPORT & Co LLC now owns 33,098 shares of the utilities provider’s stock worth $889,000 after buying an additional 998 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in CenterPoint Energy during the third quarter worth $554,000. Czech National Bank boosted its holdings in CenterPoint Energy by 47.7% during the third quarter. Czech National Bank now owns 110,319 shares of the utilities provider’s stock worth $2,962,000 after buying an additional 35,618 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in CenterPoint Energy by 7.0% during the third quarter. Asset Management One Co. Ltd. now owns 256,167 shares of the utilities provider’s stock worth $6,878,000 after buying an additional 16,712 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $28.86 on Friday. The firm has a 50-day simple moving average of $28.04 and a 200-day simple moving average of $28.01. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82. CenterPoint Energy, Inc. has a 52 week low of $25.42 and a 52 week high of $31.43.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $0.28 earnings per share. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. CenterPoint Energy’s payout ratio is 58.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Scotiabank lowered their price target on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. KeyCorp increased their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Mizuho reissued a “neutral” rating and set a $29.00 price target (down from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Barclays increased their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 14th. Finally, Evercore ISI downgraded shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $29.00 to $30.00 in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and an average target price of $30.18.

CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.