State of Tennessee Department of Treasury Has $2.49 Million Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

State of Tennessee Department of Treasury cut its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 46.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,562 shares of the utilities provider's stock after selling 67,659 shares during the quarter. State of Tennessee Department of Treasury's holdings in CenterPoint Energy were worth $2,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in CenterPoint Energy during the third quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new position in CenterPoint Energy in the 4th quarter valued at approximately $28,000. Assetmark Inc. raised its holdings in shares of CenterPoint Energy by 657.1% during the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after acquiring an additional 782 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of CenterPoint Energy during the 4th quarter valued at about $32,000. Finally, BankPlus Trust Department bought a new stake in CenterPoint Energy in the fourth quarter worth approximately $40,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 1.0 %

NYSE:CNP traded up $0.39 on Friday, hitting $38.99. 3,796,744 shares of the stock were exchanged, compared to its average volume of 5,575,337. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $39.18. The stock has a market capitalization of $25.45 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.71 and a beta of 0.63. The company's 50-day moving average price is $36.07 and its 200 day moving average price is $33.21.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. CenterPoint Energy's dividend payout ratio is presently 59.06%.

Wall Street Analyst Weigh In

Several research analysts have commented on CNP shares. Jefferies Financial Group began coverage on CenterPoint Energy in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price target on the stock. Barclays raised shares of CenterPoint Energy from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $30.00 to $37.00 in a report on Tuesday, April 22nd. Morgan Stanley reaffirmed an "outperform" rating on shares of CenterPoint Energy in a research note on Wednesday, April 23rd. Argus upgraded shares of CenterPoint Energy to a "hold" rating in a research note on Friday, April 4th. Finally, Guggenheim lowered CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.79.

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.