Quantinno Capital Management LP Purchases 8,864 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Quantinno Capital Management LP grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,332 shares of the utilities provider's stock after acquiring an additional 8,864 shares during the quarter. Quantinno Capital Management LP's holdings in CenterPoint Energy were worth $867,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Nissay Asset Management Corp Japan ADV boosted its position in shares of CenterPoint Energy by 2.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 79,210 shares of the utilities provider's stock valued at $2,551,000 after acquiring an additional 2,017 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at about $322,000. OMERS ADMINISTRATION Corp raised its holdings in shares of CenterPoint Energy by 20.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 26,379 shares of the utilities provider's stock valued at $837,000 after buying an additional 4,473 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CenterPoint Energy by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,862 shares of the utilities provider's stock valued at $2,090,000 after buying an additional 2,990 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of CenterPoint Energy by 32.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,314,131 shares of the utilities provider's stock valued at $73,427,000 after buying an additional 569,389 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Down 0.8%

Shares of CNP traded down $0.32 during mid-day trading on Thursday, hitting $36.87. 2,285,054 shares of the company's stock traded hands, compared to its average volume of 5,608,499. The company has a quick ratio of 0.92, a current ratio of 1.08 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. The firm has a market capitalization of $24.06 billion, a P/E ratio of 23.19, a PEG ratio of 2.71 and a beta of 0.63. The business's 50-day moving average price is $37.12 and its 200-day moving average price is $34.18.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its 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). 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 analysts' expectations of $2.73 billion. During the same period last year, the firm posted $0.55 earnings per share. As a group, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. CenterPoint Energy's dividend payout ratio is presently 59.06%.

Analysts Set New Price Targets

CNP has been the topic of a number of research reports. Barclays raised CenterPoint Energy from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $30.00 to $37.00 in a report on Tuesday, April 22nd. Argus raised CenterPoint Energy to a "hold" rating in a report on Friday, April 4th. Jefferies Financial Group initiated coverage on CenterPoint Energy in a report on Wednesday, April 2nd. They set a "buy" rating and a $42.00 price objective on the stock. Scotiabank reissued an "outperform" rating and set a $40.00 price objective (up from $35.00) on shares of CenterPoint Energy in a report on Friday, April 25th. Finally, Morgan Stanley decreased their price target on 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. One equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.