Crossvault Capital Management LLC maintained its position in shares of CenterPoint Energy Inc. (NYSE:CNP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the company’s stock at the end of the second quarter. Crossvault Capital Management LLC’s holdings in CenterPoint Energy were worth $252,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. ING Groep NV boosted its position in CenterPoint Energy by 9.1% in the second quarter. ING Groep NV now owns 63,185 shares of the company’s stock worth $1,517,000 after buying an additional 5,294 shares in the last quarter. First Midwest Bank Trust Division purchased a new position in CenterPoint Energy during the second quarter worth approximately $336,000. Alps Advisors Inc. boosted its position in CenterPoint Energy by 19.7% in the second quarter. Alps Advisors Inc. now owns 1,321,488 shares of the company’s stock worth $31,716,000 after buying an additional 217,798 shares in the last quarter. American Century Companies Inc. purchased a new position in CenterPoint Energy during the second quarter worth approximately $6,004,000. Finally, Candriam Luxembourg S.C.A. purchased a new position in CenterPoint Energy during the second quarter worth approximately $2,955,000. 77.05% of the stock is owned by institutional investors and hedge funds.
CenterPoint Energy Inc. (NYSE:CNP) traded down 1.48% during midday trading on Friday, hitting $23.23. 5,115,785 shares of the stock traded hands. CenterPoint Energy Inc. has a 12-month low of $16.05 and a 12-month high of $24.71. The firm’s market cap is $10.00 billion. The company’s 50-day moving average is $23.00 and its 200 day moving average is $22.53.
CenterPoint Energy (NYSE:CNP) last issued its earnings results on Friday, August 5th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. The business earned $1.57 billion during the quarter, compared to analyst estimates of $1.62 billion. CenterPoint Energy had a negative net margin of 10.72% and a positive return on equity of 13.48%. CenterPoint Energy’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. On average, analysts anticipate that CenterPoint Energy Inc. will post $1.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Tuesday, August 16th were issued a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, August 12th. CenterPoint Energy’s dividend payout ratio is currently -59.20%.
CNP has been the subject of a number of recent analyst reports. Argus reaffirmed a “buy” rating on shares of CenterPoint Energy in a research note on Wednesday, June 8th. Wells Fargo & Co. cut shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. Tudor Pickering cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, SunTrust Banks Inc. reaffirmed a “hold” rating and set a $24.00 price target on shares of CenterPoint Energy in a research note on Tuesday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.68.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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