GTS Securities LLC Purchases New Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

GTS Securities LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,266 shares of the utilities provider's stock, valued at approximately $262,000.

Other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC lifted its holdings in shares of CenterPoint Energy by 9.2% in 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 boosted its holdings in shares of CenterPoint Energy by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 5,167 shares of the utilities provider's stock valued at $164,000 after buying an additional 390 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of CenterPoint Energy by 58.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock valued at $34,000 after buying an additional 400 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of CenterPoint Energy by 3.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider's stock valued at $378,000 after buying an additional 416 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of CenterPoint Energy by 3.2% during the 4th quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider's stock valued at $441,000 after buying an additional 432 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Performance

NYSE:CNP traded up $0.17 during midday trading on Friday, reaching $37.28. The stock had a trading volume of 9,664,105 shares, compared to its average volume of 5,644,205. The firm has a fifty day simple moving average of $37.19 and a two-hundred day simple moving average of $34.28. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month 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 stock has a market cap of $24.33 billion, a P/E ratio of 23.45, a P/E/G 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 the consensus estimate of $0.55 by ($0.02). CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, May 15th. CenterPoint Energy's dividend payout ratio is currently 59.06%.

Analysts Set New Price Targets

CNP has been the subject of several research reports. Barclays raised shares of CenterPoint Energy from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $30.00 to $37.00 in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Jefferies Financial Group initiated coverage on shares of CenterPoint Energy in a research report on Wednesday, April 2nd. They set a "buy" rating and a $42.00 price target for the company. Morgan Stanley reduced their price target on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Finally, Scotiabank reaffirmed an "outperform" rating and set a $40.00 price target (up previously from $35.00) on shares of CenterPoint Energy in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus 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.