10,135 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,135 shares of the utilities provider's stock, valued at approximately $322,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. Capital Research Global Investors lifted its stake in CenterPoint Energy by 156.4% during the fourth quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider's stock worth $1,446,036,000 after purchasing an additional 27,799,744 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in shares of CenterPoint Energy during the fourth quarter worth $164,350,000. Norges Bank acquired a new position in shares of CenterPoint Energy during the fourth quarter worth $158,232,000. American Century Companies Inc. increased its holdings in shares of CenterPoint Energy by 1,431.1% during the fourth quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider's stock worth $108,153,000 after buying an additional 3,185,932 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of CenterPoint Energy during the fourth quarter worth $97,348,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Down 0.6%

Shares of CNP traded down $0.23 during trading hours on Tuesday, hitting $37.43. The stock had a trading volume of 4,363,406 shares, compared to its average volume of 5,596,924. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $36.86 and a 200-day simple moving average of $33.86. The firm has a market capitalization of $24.43 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.71 and a beta of 0.63. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $39.31.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.73 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. During the same period in the previous year, the business posted $0.55 earnings per share. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.35%. CenterPoint Energy's dividend payout ratio (DPR) is presently 59.06%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNP. Morgan Stanley reiterated an "outperform" rating on shares of CenterPoint Energy in a report on Wednesday, April 23rd. Barclays upgraded CenterPoint Energy from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $30.00 to $37.00 in a report on Tuesday, April 22nd. Scotiabank reaffirmed an "outperform" rating and set a $40.00 target price (up from $35.00) on shares of CenterPoint Energy in a research report on Friday, April 25th. Argus raised CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. Finally, Jefferies Financial Group initiated coverage on CenterPoint Energy in a research report on Wednesday, April 2nd. They set a "buy" rating and a $42.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, CenterPoint Energy has a consensus rating of "Hold" and a consensus target price of $36.04.

CenterPoint Energy Company 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.