Y Intercept Hong Kong Ltd Buys Shares of 17,666 CenterPoint Energy, Inc. (NYSE:CNP)

Y Intercept Hong Kong Ltd bought a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 17,666 shares of the utilities provider's stock, valued at approximately $640,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Souders Financial Advisors increased its holdings in CenterPoint Energy by 37.0% during the 1st quarter. Souders Financial Advisors now owns 10,062 shares of the utilities provider's stock valued at $365,000 after acquiring an additional 2,718 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in CenterPoint Energy by 4.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 50,360 shares of the utilities provider's stock valued at $1,824,000 after acquiring an additional 2,000 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in CenterPoint Energy by 26.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 8,383 shares of the utilities provider's stock valued at $304,000 after acquiring an additional 1,751 shares in the last quarter. Private Advisor Group LLC increased its holdings in CenterPoint Energy by 4.9% during the 1st quarter. Private Advisor Group LLC now owns 17,018 shares of the utilities provider's stock valued at $617,000 after acquiring an additional 802 shares in the last quarter. Finally, Dynasty Wealth Management LLC increased its holdings in CenterPoint Energy by 5.8% during the 1st quarter. Dynasty Wealth Management LLC now owns 36,930 shares of the utilities provider's stock valued at $1,338,000 after acquiring an additional 2,013 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

CNP opened at $38.37 on Friday. The company's 50 day simple moving average is $36.65 and its 200 day simple moving average is $35.60. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.79 and a current ratio of 0.79. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $39.31. The stock has a market capitalization of $25.05 billion, a PE ratio of 26.83, a P/E/G ratio of 2.81 and a beta of 0.57.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $2.20 billion. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.88 annualized dividend and a yield of 2.29%. CenterPoint Energy's payout ratio is 59.06%.

Analyst Ratings Changes

Several research firms have weighed in on CNP. Morgan Stanley dropped their target price on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Barclays raised shares of CenterPoint Energy from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $30.00 to $37.00 in a research note on Tuesday, April 22nd. Argus raised shares of CenterPoint Energy to a "hold" rating in a research note on Friday, April 4th. BMO Capital Markets raised their price target on shares of CenterPoint Energy from $36.00 to $39.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.21.

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.

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