Calamos Wealth Management LLC Sells 517,000 Shares of CenterPoint Energy, Inc. $CNP

Calamos Wealth Management LLC decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 98.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,825 shares of the utilities provider's stock after selling 517,000 shares during the period. Calamos Wealth Management LLC's holdings in CenterPoint Energy were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Focus Financial Network Inc. boosted its stake in CenterPoint Energy by 4.9% during the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider's stock valued at $224,000 after purchasing an additional 239 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of CenterPoint Energy by 2.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 10,666 shares of the utilities provider's stock valued at $393,000 after purchasing an additional 270 shares during the period. CX Institutional increased its position in shares of CenterPoint Energy by 3.7% during the 2nd quarter. CX Institutional now owns 7,643 shares of the utilities provider's stock valued at $337,000 after purchasing an additional 275 shares during the period. IFP Advisors Inc increased its position in shares of CenterPoint Energy by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 2,555 shares of the utilities provider's stock valued at $113,000 after purchasing an additional 332 shares during the period. Finally, Lincoln Capital Corp raised its stake in shares of CenterPoint Energy by 0.5% in the 3rd quarter. Lincoln Capital Corp now owns 78,692 shares of the utilities provider's stock worth $2,896,000 after buying an additional 378 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Down 0.0%

CenterPoint Energy stock opened at $40.66 on Monday. The firm has a market cap of $26.95 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.69 and a beta of 0.43. CenterPoint Energy, Inc. has a 1 year low of $36.37 and a 1 year high of $45.26. The firm's 50 day moving average price is $39.37 and its two-hundred day moving average price is $41.59. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.97 and a current ratio of 1.15.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.03. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.17 billion. CenterPoint Energy had a return on equity of 11.16% and a net margin of 11.76%. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 19th. CenterPoint Energy's dividend payout ratio is currently 54.86%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CNP shares. KeyCorp cut their price objective on CenterPoint Energy from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. HSBC assumed coverage on CenterPoint Energy in a report on Thursday, October 22nd. They set a "buy" rating and a $44.00 target price on the stock. Wall Street Zen upgraded shares of CenterPoint Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Morgan Stanley boosted their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 21st. Finally, Jefferies Financial Group reissued a "buy" rating on shares of CenterPoint Energy in a report on Thursday, October 29th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.29.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a regulated energy delivery company based in Houston, Texas. Its main businesses are electric transmission and distribution and natural gas distribution, connecting customers to energy and maintaining the infrastructure that delivers it.

The company's electric utility operations serve the Houston area, while its natural gas utilities serve customers in Texas, Indiana, Minnesota and Ohio. CenterPoint Energy's services include operating and maintaining power lines, gas distribution systems and related utility infrastructure.

The company adopted the CenterPoint Energy name in 2002 following a restructuring of Reliant Energy.

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