Artemis Investment Management LLP purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,291,483 shares of the utilities provider's stock, valued at approximately $46,790,000. Artemis Investment Management LLP owned 0.20% of CenterPoint Energy as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. HBK Sorce Advisory LLC purchased a new stake in shares of CenterPoint Energy during the first quarter worth $206,000. Golden State Wealth Management LLC increased its position in shares of CenterPoint Energy by 472.8% during the first quarter. Golden State Wealth Management LLC now owns 1,220 shares of the utilities provider's stock valued at $44,000 after buying an additional 1,007 shares during the period. Bessemer Group Inc. lifted its holdings in shares of CenterPoint Energy by 2.7% in the first quarter. Bessemer Group Inc. now owns 35,831 shares of the utilities provider's stock worth $1,299,000 after buying an additional 930 shares in the last quarter. Spire Wealth Management boosted its position in shares of CenterPoint Energy by 802.1% in the first quarter. Spire Wealth Management now owns 1,281 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 1,139 shares during the period. Finally, Legacy Advisors LLC bought a new stake in CenterPoint Energy during the 1st quarter worth approximately $302,000. 91.77% of the stock is owned by institutional investors.
CenterPoint Energy Trading Up 1.0%
CNP stock traded up $0.37 during midday trading on Monday, hitting $36.74. The company had a trading volume of 3,996,282 shares, compared to its average volume of 5,658,013. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.68 and a beta of 0.59. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $39.31. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 1.86. The stock's 50 day moving average price is $37.16 and its 200 day moving average price is $34.96.
CenterPoint Energy (NYSE:CNP - Get Free Report) last posted 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 firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.73 billion. CenterPoint Energy had a net margin of 10.80% and a return on equity of 9.74%. During the same quarter in the prior year, the company earned $0.55 earnings per share. As a group, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.
CenterPoint Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.40%. CenterPoint Energy's payout ratio is presently 59.06%.
Analyst Ratings Changes
CNP has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Jefferies Financial Group started coverage on shares of CenterPoint Energy in a report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Argus raised CenterPoint Energy to a "hold" rating in a research note on Friday, April 4th. Finally, Barclays upgraded CenterPoint Energy from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $30.00 to $37.00 in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, CenterPoint Energy has a consensus rating of "Hold" and an average target price of $36.04.
Read Our Latest Research Report on CenterPoint Energy
CenterPoint Energy Profile
(
Free Report)
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.
Recommended Stories

Before you consider CenterPoint Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CenterPoint Energy wasn't on the list.
While CenterPoint Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.