Integrated Advisors Network LLC Invests $2.83 Million in CenterPoint Energy, Inc. (NYSE:CNP)

Integrated Advisors Network LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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. Curat Global LLC bought a new position in shares of CenterPoint Energy in the first quarter valued at approximately $25,000. J.Safra Asset Management Corp bought a new position in CenterPoint Energy during the fourth quarter worth $28,000. Assetmark Inc. increased its position in CenterPoint Energy by 657.1% during the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after acquiring an additional 782 shares during the period. VSM Wealth Advisory LLC bought a new position in CenterPoint Energy during the fourth quarter worth $32,000. Finally, CoreCap Advisors LLC increased 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 worth $34,000 after acquiring an additional 400 shares during the period. Institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CNP shares. Barclays raised shares of CenterPoint Energy from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $30.00 to $37.00 in a report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Monday, May 19th. BMO Capital Markets boosted their price target on shares of 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 shares of CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Jefferies Financial Group began coverage on shares of CenterPoint Energy in a report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $36.04.

CenterPoint Energy Price Performance

NYSE CNP traded down $0.12 on Friday, hitting $36.29. 4,896,511 shares of the company were exchanged, compared to its average volume of 5,639,398. The firm has a 50 day moving average of $37.28 and a two-hundred day moving average of $34.67. The company has a market cap of $23.69 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.71 and a beta of 0.59. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $39.31.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.73 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. During the same quarter last year, the company earned $0.55 EPS. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

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