Donaldson Capital Management LLC Takes Position in CenterPoint Energy, Inc. (NYSE:CNP)

Donaldson Capital Management LLC bought a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,776 shares of the utilities provider's stock, valued at approximately $390,000.

Several other institutional investors have also recently modified their holdings of the company. Fulton Bank N.A. lifted its stake in shares of CenterPoint Energy by 2.7% in the 1st quarter. Fulton Bank N.A. now owns 13,718 shares of the utilities provider's stock valued at $497,000 after acquiring an additional 362 shares during the last quarter. Colonial Trust Co SC grew its position in CenterPoint Energy by 9.2% during the 4th quarter. Colonial Trust Co SC now owns 4,601 shares of the utilities provider's stock worth $146,000 after acquiring an additional 388 shares during the last quarter. Quadrant Capital Group LLC increased its stake 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 worth $164,000 after purchasing an additional 390 shares during the period. CoreCap Advisors LLC lifted its position in CenterPoint Energy by 58.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 400 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in CenterPoint Energy by 3.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider's stock valued at $378,000 after purchasing an additional 416 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Down 0.1%

Shares of NYSE CNP traded down $0.02 during mid-day trading on Friday, hitting $36.39. 2,369,993 shares of the stock traded hands, compared to its average volume of 5,638,610. The stock has a fifty day moving average price of $37.27 and a 200-day moving average price of $34.61. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 2.71 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $39.31.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate 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 return on equity of 10.02% and a net margin of 11.79%. During the same period last year, the firm posted $0.55 earnings per share. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 15th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, May 15th. CenterPoint Energy's dividend payout ratio is currently 59.06%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CNP shares. Scotiabank restated an "outperform" rating and issued a $40.00 target price (up previously from $35.00) on shares of CenterPoint Energy in a report on Friday, April 25th. Barclays raised shares of 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 report on Tuesday, April 22nd. Argus raised shares of CenterPoint Energy to a "hold" rating in a research note on Friday, April 4th. Morgan Stanley cut their target price on 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. Finally, Evercore ISI upped their price target on CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.