CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 53.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 209,138 shares of the utilities provider’s stock after selling 237,585 shares during the period. Leeward Investments LLC MA’s holdings in CenterPoint Energy were worth $6,153,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in shares of CenterPoint Energy during the 1st quarter valued at $25,000. Rothschild Investment LLC purchased a new stake in CenterPoint Energy during the second quarter valued at about $33,000. Olistico Wealth LLC acquired a new stake in CenterPoint Energy during the second quarter worth about $33,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of CenterPoint Energy in the 2nd quarter worth about $36,000. Finally, Kimelman & Baird LLC acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 1.2 %

Shares of CenterPoint Energy stock opened at $29.37 on Friday. The business has a 50-day moving average price of $28.97 and a 200 day moving average price of $29.03. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $31.57. The firm has a market cap of $19.14 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.52 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. During the same period in the previous year, the business earned $0.40 EPS. On average, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.21 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.86%. CenterPoint Energy’s payout ratio is 52.98%.

Analysts Set New Price Targets

Several research firms recently commented on CNP. JPMorgan Chase & Co. lowered shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $32.00 to $29.00 in a report on Friday, August 2nd. Scotiabank upped their target price on CenterPoint Energy from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their price target on CenterPoint Energy from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Morgan Stanley increased their price objective on shares of CenterPoint Energy from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Bank of America began coverage on shares of CenterPoint Energy in a research report on Thursday, September 12th. They set a “neutral” rating and a $29.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and an average target price of $30.09.

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.