78,170 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Purchased by Integrated Advisors Network LLC

Integrated Advisors Network LLC bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 78,170 shares of the utilities provider's stock, valued at approximately $2,832,000.

A number of other institutional investors also recently modified their holdings of CNP. Fulton Bank N.A. boosted its position in shares of CenterPoint Energy by 2.7% in the first 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 period. Colonial Trust Co SC boosted its position in shares of CenterPoint Energy by 9.2% in the fourth quarter. Colonial Trust Co SC now owns 4,601 shares of the utilities provider's stock valued at $146,000 after acquiring an additional 388 shares during the period. Quadrant Capital Group LLC boosted its position in shares of CenterPoint Energy by 8.2% in the fourth quarter. Quadrant Capital Group LLC now owns 5,167 shares of the utilities provider's stock valued at $164,000 after acquiring an additional 390 shares during the period. CoreCap Advisors LLC lifted its position in CenterPoint Energy by 58.9% during 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% during 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. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

CNP has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price 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. BMO Capital Markets lifted their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Monday, March 17th. Argus raised shares of CenterPoint Energy to a "hold" rating in a research note on Friday, April 4th. Morgan Stanley decreased their price target on shares of 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, Barclays raised shares of 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 research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $36.04.

CenterPoint Energy Trading Down 0.3%

NYSE:CNP traded down $0.12 during trading hours on Friday, hitting $36.29. The company had a trading volume of 4,896,511 shares, compared to its average volume of 5,637,264. The company has a market capitalization of $23.69 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. The stock has a 50-day moving average price of $37.28 and a 200 day moving average price of $34.64. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $39.31. 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 (NYSE:CNP - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm posted $0.55 EPS. On average, equities research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

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

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.