17,795 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of 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 fund acquired 17,795 shares of the utilities provider's stock, valued at approximately $645,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in CenterPoint Energy in the fourth quarter valued at $254,000. Vontobel Holding Ltd. purchased a new stake in shares of CenterPoint Energy in the 4th quarter worth about $213,000. Allworth Financial LP boosted its position in shares of CenterPoint Energy by 17.3% in the 4th quarter. Allworth Financial LP now owns 4,746 shares of the utilities provider's stock worth $154,000 after buying an additional 699 shares in the last quarter. Sanctuary Advisors LLC grew its stake in CenterPoint Energy by 5.0% in the 4th quarter. Sanctuary Advisors LLC now owns 40,872 shares of the utilities provider's stock valued at $1,344,000 after acquiring an additional 1,955 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in CenterPoint Energy by 2.5% during the 4th quarter. Truist Financial Corp now owns 85,759 shares of the utilities provider's stock valued at $2,721,000 after acquiring an additional 2,069 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Down 0.5%

Shares of CNP stock traded down $0.19 during mid-day trading on Wednesday, hitting $36.29. 6,636,576 shares of the company's stock were exchanged, compared to its average volume of 5,637,972. The stock has a market cap of $23.69 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.67 and a beta of 0.59. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 1.86. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $39.31. The stock has a 50-day simple moving average of $37.20 and a two-hundred day simple moving average of $34.83.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.73 billion. CenterPoint Energy had a return on equity of 9.74% and a net margin of 10.80%. During the same quarter last year, the company posted $0.55 earnings per share. Equities analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 2.42%. CenterPoint Energy's dividend payout ratio is presently 59.06%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CNP shares. JPMorgan Chase & Co. upped 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. Argus upgraded CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. BMO Capital Markets upped their target price on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. Morgan Stanley lowered their target price on CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Finally, Scotiabank reissued an "outperform" rating and issued a $40.00 price target (up from $35.00) on shares of CenterPoint Energy in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $36.04.

About CenterPoint Energy

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.