Natixis Advisors LLC Has $15.58 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Key Points

• Natixis Advisors LLC increased its stake in CenterPoint Energy by 2.4%, acquiring an additional 9,983 shares, bringing its total holdings to approximately 429,915 shares valued at $15.58 million.
• CenterPoint Energy reported earnings per share (EPS) of $0.29 for the last quarter, missing analyst expectations of $0.44, with revenues also falling short at $1.94 billion compared to the expected $2.20 billion.
• The company declared a quarterly dividend of $0.22 per share, reflecting an annualized dividend yield of 2.3%, with a payout ratio currently at 61.54%.

Natixis Advisors LLC lifted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,915 shares of the utilities provider's stock after purchasing an additional 9,983 shares during the period. Natixis Advisors LLC owned about 0.07% of CenterPoint Energy worth $15,576,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CNP. Curat Global LLC bought a new stake in shares of CenterPoint Energy in the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new position in CenterPoint Energy during the first quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in CenterPoint Energy during the first quarter valued at approximately $27,000. CoreCap Advisors LLC boosted its holdings in CenterPoint Energy by 58.9% in the 4th 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 period. Finally, Harbor Investment Advisory LLC raised its position in CenterPoint Energy by 201.5% in the first quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider's stock worth $37,000 after purchasing an additional 691 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

Shares of CNP traded up $0.25 during mid-day trading on Thursday, hitting $38.85. The company's stock had a trading volume of 4,841,106 shares, compared to its average volume of 5,330,514. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $39.39. The stock has a market capitalization of $25.36 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 2.85 and a beta of 0.58. The firm has a 50-day moving average price of $36.83 and a 200 day moving average price of $35.94. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). CenterPoint Energy had a return on equity of 9.16% and a net margin of 10.42%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the company earned $0.36 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 21st. CenterPoint Energy's dividend payout ratio (DPR) is presently 61.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CNP shares. Scotiabank lifted their price objective on CenterPoint Energy from $40.00 to $42.00 and gave the company a "sector outperform" rating in a report on Friday, July 25th. Wall Street Zen lowered CenterPoint Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Evercore ISI raised their target price on CenterPoint Energy from $37.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Barclays upped their price target on shares of CenterPoint Energy from $38.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $37.38.

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.