15,702 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,702 shares of the utilities provider's stock, valued at approximately $569,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNP. Brighton Jones LLC acquired a new stake in shares of CenterPoint Energy during the fourth quarter worth about $254,000. Empowered Funds LLC lifted its holdings in shares of CenterPoint Energy by 13.6% during the fourth quarter. Empowered Funds LLC now owns 12,027 shares of the utilities provider's stock worth $382,000 after purchasing an additional 1,442 shares during the period. Savant Capital LLC acquired a new stake in shares of CenterPoint Energy during the fourth quarter worth about $252,000. Van ECK Associates Corp lifted its holdings in shares of CenterPoint Energy by 12.7% during the fourth quarter. Van ECK Associates Corp now owns 197,793 shares of the utilities provider's stock worth $6,276,000 after purchasing an additional 22,347 shares during the period. Finally, Vontobel Holding Ltd. acquired a new stake in shares of CenterPoint Energy during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 91.77% of the company's stock.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock traded down $0.18 on Wednesday, reaching $35.54. The company's stock had a trading volume of 4,437,720 shares, compared to its average volume of 5,641,539. The company has a market capitalization of $23.20 billion, a P/E ratio of 23.85, a PEG ratio of 2.63 and a beta of 0.59. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $39.31. The stock has a 50-day moving average price of $37.26 and a 200-day moving average price of $34.70. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 1.86.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.73 billion. CenterPoint Energy had a net margin of 10.80% and a return on equity of 9.74%. During the same quarter last year, the firm earned $0.55 earnings per share. Analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, May 15th. CenterPoint Energy's dividend payout ratio (DPR) is presently 59.06%.

Analysts Set New Price Targets

CNP has been the subject of a number of research reports. Barclays raised CenterPoint Energy from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $30.00 to $37.00 in a report on Tuesday, April 22nd. BMO Capital Markets boosted their price target on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday, March 17th. Evercore ISI boosted their price target on CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Scotiabank reissued an "outperform" rating and issued a $40.00 price target (up from $35.00) on shares of CenterPoint Energy in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on CenterPoint Energy from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.04.

About CenterPoint Energy

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.