Barrow Hanley Mewhinney & Strauss LLC Has $141.90 Million Position in CenterPoint Energy, Inc. (NYSE:CNP)

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,472,107 shares of the utilities provider's stock after selling 97,517 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.69% of CenterPoint Energy worth $141,900,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital International Investors raised its position in shares of CenterPoint Energy by 0.4% in the 4th quarter. Capital International Investors now owns 87,449,927 shares of the utilities provider's stock valued at $2,774,941,000 after acquiring an additional 334,631 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in CenterPoint Energy by 4.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 46,645,434 shares of the utilities provider's stock valued at $1,480,060,000 after purchasing an additional 1,922,169 shares in the last quarter. Capital Research Global Investors raised its holdings in CenterPoint Energy by 156.4% in 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 period. Geode Capital Management LLC raised its holdings in CenterPoint Energy by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,490,728 shares of the utilities provider's stock worth $490,205,000 after purchasing an additional 406,832 shares during the period. Finally, Northern Trust Corp boosted its position in shares of CenterPoint Energy by 7.9% during the fourth quarter. Northern Trust Corp now owns 5,880,015 shares of the utilities provider's stock worth $186,573,000 after purchasing an additional 431,260 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Stock Down 1.5%

Shares of CNP stock traded down $0.56 during trading on Wednesday, reaching $37.18. The company's stock had a trading volume of 8,035,974 shares, compared to its average volume of 5,589,504. The business has a fifty day moving average price of $37.09 and a 200-day moving average price of $34.16. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $39.31. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.63.

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

CenterPoint Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, May 15th. CenterPoint Energy's dividend payout ratio is currently 59.06%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Evercore ISI upped their price objective on shares of CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. BMO Capital Markets increased their price target on CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Monday, March 17th. Barclays raised CenterPoint Energy from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $30.00 to $37.00 in a research report on Tuesday, April 22nd. Jefferies Financial Group began coverage on CenterPoint Energy in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.