CenterPoint Energy, Inc. (CNP) Shares Bought by Rational Advisors LLC

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Rational Advisors LLC lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 567.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,575 shares of the utilities provider’s stock after acquiring an additional 3,039 shares during the quarter. Rational Advisors LLC’s holdings in CenterPoint Energy were worth $110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc grew its position in CenterPoint Energy by 10.6% in the third quarter. Vanguard Group Inc now owns 54,775,862 shares of the utilities provider’s stock worth $1,514,553,000 after buying an additional 5,270,138 shares during the last quarter. BlackRock Inc. grew its position in CenterPoint Energy by 2.1% in the fourth quarter. BlackRock Inc. now owns 50,135,104 shares of the utilities provider’s stock worth $1,415,315,000 after buying an additional 1,025,294 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in CenterPoint Energy by 16.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,788,204 shares of the utilities provider’s stock worth $219,860,000 after buying an additional 1,103,691 shares during the last quarter. Geode Capital Management LLC grew its position in CenterPoint Energy by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 7,131,126 shares of the utilities provider’s stock worth $200,993,000 after buying an additional 550,475 shares during the last quarter. Finally, FMR LLC grew its position in CenterPoint Energy by 114.6% in the fourth quarter. FMR LLC now owns 6,472,243 shares of the utilities provider’s stock worth $182,711,000 after buying an additional 3,456,131 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th. Credit Suisse Group set a $33.00 price target on shares of CenterPoint Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. ValuEngine lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, Wells Fargo & Co restated a “buy” rating on shares of CenterPoint Energy in a research report on Thursday, February 28th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CenterPoint Energy presently has a consensus rating of “Buy” and an average price target of $32.33.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock in a transaction on Friday, March 1st. The shares were sold at an average price of $29.98, for a total transaction of $119,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Milton Carroll sold 75,000 shares of CenterPoint Energy stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $30.21, for a total transaction of $2,265,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 166,780 shares of company stock valued at $5,021,616 in the last three months. Company insiders own 0.24% of the company’s stock.

NYSE CNP opened at $29.39 on Friday. CenterPoint Energy, Inc. has a twelve month low of $25.10 and a twelve month high of $31.42. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 3.37 and a beta of 0.45.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). CenterPoint Energy had a return on equity of 13.31% and a net margin of 3.39%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts expect that CenterPoint Energy, Inc. will post 1.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.91%. The ex-dividend date is Wednesday, May 15th. CenterPoint Energy’s payout ratio is 71.88%.

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CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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