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

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,472,107 shares of the utilities provider's stock after selling 97,517 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.69% of CenterPoint Energy worth $141,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CNP. J.Safra Asset Management Corp purchased a new position in CenterPoint Energy during the 4th quarter worth approximately $28,000. Assetmark Inc. raised its position in CenterPoint Energy by 657.1% during the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock valued at $29,000 after buying an additional 782 shares during the period. VSM Wealth Advisory LLC acquired a new position in CenterPoint Energy during the fourth quarter valued at $32,000. CoreCap Advisors LLC boosted its position in CenterPoint Energy by 58.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock worth $34,000 after acquiring an additional 400 shares during the period. Finally, BankPlus Trust Department acquired a new stake in CenterPoint Energy during the 4th quarter worth about $40,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 0.4%

CNP stock traded up $0.16 during midday trading on Tuesday, reaching $37.73. The company's stock had a trading volume of 4,456,425 shares, compared to its average volume of 5,122,268. The business's 50-day simple moving average is $37.06 and its 200-day simple moving average is $34.14. 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 52 week low of $25.41 and a 52 week high of $39.31. The stock has a market cap of $24.63 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.71 and a beta of 0.63.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates 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 firm posted $0.55 EPS. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, May 15th. CenterPoint Energy's dividend payout ratio (DPR) is presently 59.06%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNP. Argus raised shares of CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. JPMorgan Chase & Co. lifted their target price on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Morgan Stanley dropped their price target on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Evercore ISI lifted their price objective on CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, BMO Capital Markets boosted their target price on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. One research 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $36.04.

CenterPoint Energy 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.