CenterPoint Energy, Inc. (NYSE:CNP) Position Decreased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,473 shares of the utilities provider’s stock after selling 13,352 shares during the quarter. Dana Investment Advisors Inc. owned 0.06% of CenterPoint Energy worth $13,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CNP. First Horizon Advisors Inc. grew its position in CenterPoint Energy by 51.3% in the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after buying an additional 375 shares during the last quarter. US Bancorp DE grew its holdings in shares of CenterPoint Energy by 0.8% in the 3rd quarter. US Bancorp DE now owns 60,511 shares of the utilities provider’s stock worth $1,780,000 after acquiring an additional 472 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of CenterPoint Energy by 53.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 482 shares during the period. Metis Global Partners LLC lifted its holdings in shares of CenterPoint Energy by 2.4% during the third quarter. Metis Global Partners LLC now owns 20,538 shares of the utilities provider’s stock valued at $604,000 after purchasing an additional 484 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of CenterPoint Energy by 1.2% during the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock valued at $1,178,000 after purchasing an additional 489 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Up 0.5 %

Shares of CenterPoint Energy stock opened at $33.87 on Thursday. The stock has a 50-day moving average price of $32.63 and a 200 day moving average price of $30.75. The company has a market cap of $22.07 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.71 and a beta of 0.91. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $34.85.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.60%. CenterPoint Energy’s dividend payout ratio (DPR) is 55.35%.

Analyst Ratings Changes

CNP has been the subject of several analyst reports. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $31.00 to $37.00 in a report on Tuesday, December 3rd. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a “buy” rating and a $34.50 target price for the company. Barclays upped their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $30.00 to $35.00 in a report on Thursday, December 12th. Finally, Guggenheim downgraded CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.65.

About CenterPoint Energy

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.