CenterPoint Energy, Inc. (NYSE:CNP) Holdings Raised by Crestline Management LP

Crestline Management LP raised its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 1,979.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,748 shares of the utilities provider's stock after acquiring an additional 158,729 shares during the period. Crestline Management LP's holdings in CenterPoint Energy were worth $5,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in CenterPoint Energy by 8.2% in the 4th quarter. Quadrant Capital Group LLC now owns 5,167 shares of the utilities provider's stock valued at $164,000 after buying an additional 390 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of CenterPoint Energy by 3.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider's stock worth $378,000 after buying an additional 416 shares during the period. Farther Finance Advisors LLC increased its stake in shares of CenterPoint Energy by 3.2% during the fourth quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider's stock worth $441,000 after buying an additional 432 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in shares of CenterPoint Energy by 5.0% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider's stock worth $309,000 after buying an additional 461 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in CenterPoint Energy by 53.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on CenterPoint Energy in a report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price objective for the company. Morgan Stanley reissued an "outperform" rating on shares of CenterPoint Energy in a report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Barclays raised 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. Finally, Argus raised CenterPoint Energy to a "hold" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $35.79.

CenterPoint Energy Trading Down 2.0%

Shares of NYSE CNP traded down $0.74 during midday trading on Monday, hitting $36.80. The stock had a trading volume of 2,225,700 shares, compared to its average volume of 5,537,603. The company has a fifty day moving average price of $36.51 and a 200 day moving average price of $33.53. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.71 and a beta of 0.63. The company has a quick ratio of 0.92, a current ratio of 1.08 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 $39.31.

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

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. CenterPoint Energy's dividend payout ratio (DPR) is 59.06%.

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.