CenterPoint Energy, Inc. (NYSE:CNP) Position Increased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,324,600 shares of the utilities provider's stock after purchasing an additional 109,027 shares during the quarter. Rhumbline Advisers owned about 0.20% of CenterPoint Energy worth $47,990,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CNP. Capital International Investors lifted its stake in shares of CenterPoint Energy by 0.4% during the 4th quarter. Capital International Investors now owns 87,449,927 shares of the utilities provider's stock worth $2,774,941,000 after acquiring an additional 334,631 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of CenterPoint Energy by 4.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 46,645,434 shares of the utilities provider's stock worth $1,480,060,000 after purchasing an additional 1,922,169 shares during the last quarter. Capital Research Global Investors lifted its position in shares of CenterPoint Energy by 156.4% during the fourth quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider's stock worth $1,446,036,000 after purchasing an additional 27,799,744 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CenterPoint Energy by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,490,728 shares of the utilities provider's stock valued at $490,205,000 after purchasing an additional 406,832 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of CenterPoint Energy by 7.9% in the fourth quarter. Northern Trust Corp now owns 5,880,015 shares of the utilities provider's stock worth $186,573,000 after purchasing an additional 431,260 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

CenterPoint Energy Stock Performance

Shares of NYSE:CNP traded down $0.25 during trading on Friday, reaching $36.59. The company had a trading volume of 5,540,950 shares, compared to its average volume of 5,659,232. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $39.31. The stock's fifty day moving average price is $37.28 and its 200 day moving average price is $34.49.

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 analysts' consensus estimates 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 net margin of 11.79% and a return on equity of 10.02%. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, equities research analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. CenterPoint Energy's dividend payout ratio (DPR) is presently 59.06%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their target price 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. BMO Capital Markets increased their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Monday, March 17th. Morgan Stanley cut their price objective on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Argus upgraded shares of CenterPoint Energy to a "hold" rating in a report on Friday, April 4th. Finally, Evercore ISI increased their price target on shares of CenterPoint Energy from $37.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.04.

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.