Today, Wells Fargo & Company MN Buys 84,285 Shares of CenterPoint Energy Inc. (CNP)

Today, Wells Fargo & Company MN Buys 84,285 Shares of CenterPoint Energy Inc. (CNP)
Wells Fargo & Company MN raised its stake in shares of CenterPoint Energy Inc. (NYSE:CNP) by 12.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 741,295 shares of the company’s stock after buying an additional 84,285 shares during the period. Wells Fargo & Company MN owned about 0.17% of CenterPoint Energy worth $17,220,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC raised its position in CenterPoint Energy by 228.5% in the second quarter. Advisory Services Network LLC now owns 5,145 shares of the company’s stock valued at $123,000 after buying an additional 3,579 shares during the last quarter. Washington Trust Bank raised its position in CenterPoint Energy by 1.7% in the third quarter. Washington Trust Bank now owns 5,474 shares of the company’s stock valued at $127,000 after buying an additional 90 shares during the last quarter. Assetmark Inc. acquired a new position in CenterPoint Energy during the second quarter valued at $133,000. Pacer Advisors Inc. raised its position in CenterPoint Energy by 10.4% in the second quarter. Pacer Advisors Inc. now owns 7,293 shares of the company’s stock valued at $175,000 after buying an additional 685 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. raised its position in CenterPoint Energy by 618.5% in the third quarter. Shinko Asset Management Co. Ltd. now owns 8,248 shares of the company’s stock valued at $192,000 after buying an additional 7,100 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

CenterPoint Energy Inc. (NYSE:CNP) traded up 1.44% during trading on Friday, reaching $23.95. The company had a trading volume of 1,219,436 shares. The stock’s market cap is $10.31 billion. CenterPoint Energy Inc. has a 12-month low of $16.05 and a 12-month high of $24.71. The firm has a 50-day moving average price of $22.82 and a 200 day moving average price of $23.03.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Friday, November 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. CenterPoint Energy had a negative net margin of 2.46% and a positive return on equity of 15.00%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company posted $0.34 EPS. CenterPoint Energy’s revenue was up 15.9% on a year-over-year basis. Equities research analysts predict that CenterPoint Energy Inc. will post $1.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Monday, November 14th. CenterPoint Energy’s dividend payout ratio is currently -245.24%.

Several equities analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of CenterPoint Energy in a report on Thursday, November 3rd. They set a “buy” rating and a $25.00 target price on the stock. RBC Capital Markets set a $26.00 price objective on shares of CenterPoint Energy and gave the stock a “buy” rating in a report on Monday, August 8th. SunTrust Banks Inc. reiterated a “hold” rating and issued a $24.00 price objective on shares of CenterPoint Energy in a report on Tuesday, August 2nd. Deutsche Bank AG cut their price objective on shares of CenterPoint Energy from $24.50 to $24.00 and set a “hold” rating on the stock in a report on Monday, August 8th. Finally, Credit Suisse Group AG lowered shares of CenterPoint Energy from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $24.00 to $25.00 in a report on Tuesday, November 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. CenterPoint Energy has an average rating of “Hold” and a consensus price target of $23.02.

About CenterPoint Energy

Related posts

Leave a Comment