Leeward Investments LLC MA Trims Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Leeward Investments LLC MA reduced its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,410 shares of the utilities provider's stock after selling 9,098 shares during the period. Leeward Investments LLC MA's holdings in CenterPoint Energy were worth $9,435,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Curat Global LLC acquired a new position in shares of CenterPoint Energy in the 1st quarter valued at about $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of CenterPoint Energy in the 1st quarter worth approximately $27,000. J.Safra Asset Management Corp bought a new stake in shares of CenterPoint Energy in the 4th quarter worth approximately $28,000. Assetmark Inc. raised its holdings in shares of CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after purchasing an additional 782 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of CenterPoint Energy during the fourth quarter valued at approximately $32,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Up 0.8%

Shares of CNP traded up $0.27 during trading hours on Monday, reaching $36.21. 4,183,804 shares of the stock traded hands, compared to its average volume of 5,682,018. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 1.86. The stock has a fifty day simple moving average of $37.03 and a 200 day simple moving average of $35.11. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $39.31. The company has a market cap of $23.64 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.64 and a beta of 0.57.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted 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 business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.73 billion. CenterPoint Energy had a net margin of 10.80% and a return on equity of 9.74%. During the same period last year, the firm earned $0.55 EPS. On average, equities analysts forecast 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 issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 2.43%. CenterPoint Energy's dividend payout ratio is currently 59.06%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CNP. Barclays upgraded 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 objective on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Scotiabank reiterated an "outperform" rating and set a $40.00 target price (up from $35.00) on shares of CenterPoint Energy in a research note on Friday, April 25th. BMO Capital Markets increased their price objective 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. Finally, Jefferies Financial Group started coverage on shares of CenterPoint Energy in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.