10,776 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC purchased a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,776 shares of the utilities provider's stock, valued at approximately $390,000.

Other large investors also recently modified their holdings of the company. Capital International Investors lifted its position in 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 purchasing an additional 334,631 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in CenterPoint Energy by 4.3% in the 4th 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 during the last quarter. Capital Research Global Investors lifted its position in CenterPoint Energy by 156.4% in the 4th quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider's stock valued at $1,446,036,000 after purchasing an additional 27,799,744 shares during the last quarter. Geode Capital Management LLC lifted its position in CenterPoint Energy by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,490,728 shares of the utilities provider's stock valued at $490,205,000 after purchasing an additional 406,832 shares during the last quarter. Finally, Northern Trust Corp lifted its position in CenterPoint Energy by 7.9% in the 4th quarter. Northern Trust Corp now owns 5,880,015 shares of the utilities provider's stock valued at $186,573,000 after purchasing an additional 431,260 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on CNP shares. Jefferies Financial Group started coverage on shares of CenterPoint Energy in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price objective on the stock. BMO Capital Markets raised their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. raised 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. Barclays raised shares of CenterPoint Energy from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $30.00 to $37.00 in a research note on Tuesday, April 22nd. Finally, Scotiabank reissued an "outperform" rating and set a $40.00 target price (up previously from $35.00) on shares of CenterPoint Energy in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.04.

CenterPoint Energy Price Performance

Shares of CNP traded down $0.12 during mid-day trading on Friday, hitting $36.29. The company's stock had a trading volume of 4,896,511 shares, compared to its average volume of 5,639,398. The firm has a 50-day moving average price of $37.28 and a 200 day moving average price of $34.67. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.71 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two 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 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations 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 business earned $0.55 earnings per share. On average, research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

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

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.