CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,872 shares of the utilities provider's stock after buying an additional 62,697 shares during the period. Voya Investment Management LLC owned 0.07% of CenterPoint Energy worth $13,703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. grew its position in CenterPoint Energy by 8.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 233,372 shares of the utilities provider's stock worth $7,405,000 after acquiring an additional 17,576 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of CenterPoint Energy by 4.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 46,645,434 shares of the utilities provider's stock valued at $1,480,060,000 after purchasing an additional 1,922,169 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of CenterPoint Energy by 28.6% during the 4th quarter. Hsbc Holdings PLC now owns 2,585,258 shares of the utilities provider's stock worth $82,027,000 after purchasing an additional 575,242 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of CenterPoint Energy by 135.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,243 shares of the utilities provider's stock worth $103,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in CenterPoint Energy by 50.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 44,780 shares of the utilities provider's stock valued at $1,421,000 after buying an additional 15,084 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CNP shares. Argus upgraded shares of CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. BMO Capital Markets lifted their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday, March 17th. Jefferies Financial Group initiated coverage on CenterPoint Energy in a research note on Wednesday, April 2nd. They set a "buy" rating and a $42.00 price target on the stock. Guggenheim lowered CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, Evercore ISI boosted their price objective on CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has a consensus rating of "Hold" and an average target price of $35.79.

CenterPoint Energy Stock Up 1.0 %

Shares of CenterPoint Energy stock traded up $0.39 on Friday, reaching $38.99. 3,796,744 shares of the company were exchanged, compared to its average volume of 5,575,337. The stock's 50 day moving average price is $36.07 and its 200-day moving average price is $33.21. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $39.18. The company has a market cap of $25.45 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 2.71 and a beta of 0.63.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Announces Dividend

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

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.