CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,926,012 shares of the utilities provider's stock after buying an additional 53,296 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.31% of CenterPoint Energy worth $55,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in CenterPoint Energy by 175.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,618,686 shares of the utilities provider's stock valued at $97,162,000 after buying an additional 2,304,183 shares in the last quarter. Reaves W H & Co. Inc. lifted its holdings in CenterPoint Energy by 391.0% during the 4th quarter. Reaves W H & Co. Inc. now owns 2,314,797 shares of the utilities provider's stock valued at $66,134,000 after buying an additional 1,843,333 shares in the last quarter. Stack Financial Management Inc bought a new stake in CenterPoint Energy during the 4th quarter valued at about $21,154,000. Invesco Ltd. lifted its holdings in CenterPoint Energy by 5.7% during the 3rd quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider's stock valued at $221,242,000 after buying an additional 442,718 shares in the last quarter. Finally, UBS Group AG lifted its holdings in CenterPoint Energy by 37.5% during the 3rd quarter. UBS Group AG now owns 1,540,465 shares of the utilities provider's stock valued at $41,361,000 after buying an additional 420,010 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CNP shares. Barclays lifted their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a report on Thursday, March 14th. Evercore ISI lowered shares of CenterPoint Energy from an "outperform" rating to an "in-line" rating and boosted their price target for the company from $29.00 to $30.00 in a report on Tuesday, January 23rd. Guggenheim reduced their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. Scotiabank reduced their price target on shares of CenterPoint Energy from $31.00 to $29.00 and set a "sector perform" rating for the company in a report on Monday, April 22nd. Finally, Mizuho restated a "neutral" rating and issued a $29.00 price target (down previously from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.18.

Insiders Place Their Bets

In other CenterPoint Energy news, Director Barry T. Smitherman sold 5,670 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $29.42, for a total transaction of $166,811.40. Following the sale, the director now owns 21,203 shares of the company's stock, valued at approximately $623,792.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

CenterPoint Energy Stock Down 0.3 %

Shares of CenterPoint Energy stock traded down $0.09 on Friday, reaching $29.70. The stock had a trading volume of 10,141,816 shares, compared to its average volume of 4,534,555. The company has a 50 day moving average price of $28.39 and a 200 day moving average price of $28.15. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 1.81. CenterPoint Energy, Inc. has a 1 year low of $25.42 and a 1 year high of $31.43. The stock has a market capitalization of $19.00 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.62 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.82 billion. CenterPoint Energy had a net margin of 11.03% and a return on equity of 10.57%. During the same quarter in the previous year, the firm earned $0.50 EPS. As a group, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, May 15th. CenterPoint Energy's dividend payout ratio is presently 56.34%.

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.