Nomura Holdings Inc. increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,101 shares of the utilities provider’s stock after buying an additional 52 shares during the period. Nomura Holdings Inc.’s holdings in CenterPoint Energy were worth $1,629,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of CenterPoint Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock worth $102,000 after buying an additional 564 shares during the period. Johnson Financial Group Inc. increased its stake in shares of CenterPoint Energy by 28.8% in the first quarter. Johnson Financial Group Inc. now owns 4,843 shares of the utilities provider’s stock worth $134,000 after buying an additional 1,084 shares during the period. Mirador Capital Partners LP bought a new stake in shares of CenterPoint Energy during the first quarter worth about $200,000. Usca Ria LLC bought a new stake in shares of CenterPoint Energy during the first quarter worth about $204,000. Finally, Wetherby Asset Management Inc. bought a new stake in shares of CenterPoint Energy during the first quarter worth about $207,000. Institutional investors and hedge funds own 77.61% of the company’s stock.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) traded down 1.08% during midday trading on Tuesday, hitting $28.40. The stock had a trading volume of 3,307,364 shares. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 26.30 and a beta of 0.62. The firm’s 50 day moving average price is $28.06 and its 200 day moving average price is $26.86. CenterPoint Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $29.08.
CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. CenterPoint Energy had a return on equity of 15.20% and a net margin of 5.68%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior 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 research analysts expect that CenterPoint Energy, Inc. will post $1.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Friday, May 12th. CenterPoint Energy’s dividend payout ratio is presently 100.00%.
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A number of equities research analysts have issued reports on CNP shares. Zacks Investment Research upgraded CenterPoint Energy from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Monday, June 5th. Barclays PLC upped their price objective on CenterPoint Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, March 20th. BidaskClub downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Deutsche Bank AG upped their price objective on CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Finally, Royal Bank Of Canada downgraded CenterPoint Energy from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $17.00 to $28.00 in a research report on Thursday, March 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $27.50.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $28.67, for a total value of $28,670.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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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