CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 115.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,213 shares of the utilities provider’s stock after acquiring an additional 46,653 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in CenterPoint Energy were worth $2,566,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in CenterPoint Energy during the first quarter valued at approximately $25,000. Rothschild Investment LLC purchased a new position in shares of CenterPoint Energy in the second quarter worth approximately $33,000. Olistico Wealth LLC acquired a new stake in shares of CenterPoint Energy during the second quarter valued at approximately $33,000. First Horizon Advisors Inc. lifted its position in shares of CenterPoint Energy by 51.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 375 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in CenterPoint Energy in the 2nd quarter worth approximately $36,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and set a $28.00 target price on shares of CenterPoint Energy in a research note on Monday, August 26th. KeyCorp downgraded CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 2nd. StockNews.com cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Bank of America assumed coverage on shares of CenterPoint Energy in a research report on Thursday, September 12th. They issued a “neutral” rating and a $29.00 price target for the company. Finally, JPMorgan Chase & Co. downgraded shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $29.00 in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and a consensus price target of $30.09.

CenterPoint Energy Stock Performance

Shares of NYSE CNP opened at $31.74 on Friday. The business’s 50-day simple moving average is $29.63 and its 200-day simple moving average is $29.15. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $31.81. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.72 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, equities research analysts expect that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.65%. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. CenterPoint Energy’s dividend payout ratio is 52.98%.

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.