Today: CenterPoint Energy Inc. (CNP) Stake Increased by Sigma Planning Corp

Today: CenterPoint Energy Inc. (CNP) Stake Increased by Sigma Planning Corp

Sigma Planning Corp raised its stake in CenterPoint Energy Inc. (NYSE:CNP) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,865 shares of the company’s stock after buying an additional 550 shares during the period. Sigma Planning Corp’s holdings in CenterPoint Energy were worth $671,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WealthTrust Axiom LLC boosted its stake in CenterPoint Energy by 0.4% in the second quarter. WealthTrust Axiom LLC now owns 14,232 shares of the company’s stock valued at $341,000 after buying an additional 59 shares during the last quarter. Washington Trust Bank boosted its stake 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. Atlantic Trust Group LLC boosted its stake in CenterPoint Energy by 1.1% in the second quarter. Atlantic Trust Group LLC now owns 10,512 shares of the company’s stock valued at $252,000 after buying an additional 115 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in CenterPoint Energy by 0.3% in the second quarter. Commonwealth Bank of Australia now owns 60,237 shares of the company’s stock valued at $1,447,000 after buying an additional 152 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in CenterPoint Energy by 0.4% in the second quarter. World Asset Management Inc now owns 45,015 shares of the company’s stock valued at $1,080,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.

Shares of CenterPoint Energy Inc. (NYSE:CNP) opened at 23.95 on Monday. CenterPoint Energy Inc. has a one year low of $16.05 and a one year high of $24.71. The firm’s 50-day moving average price is $22.82 and its 200-day moving average price is $23.03. The firm’s market capitalization is $10.31 billion.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Friday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $1.89 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts forecast that CenterPoint Energy Inc. will post $1.19 earnings per share for the current year.

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, November 14th. CenterPoint Energy’s dividend payout ratio is currently -245.24%.

CNP has been the subject of a number of research reports. SunTrust Banks Inc. reiterated a “hold” rating and issued a $24.00 price target on shares of CenterPoint Energy in a research note on Tuesday, August 2nd. Credit Suisse Group AG set a $24.00 price target on CenterPoint Energy and gave the company a “hold” rating in a research note on Monday, August 8th. RBC Capital Markets set a $26.00 price target on CenterPoint Energy and gave the company a “buy” rating in a research note on Monday, August 8th. TheStreet cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Guggenheim initiated coverage on CenterPoint Energy in a research note on Thursday, November 3rd. They issued a “buy” rating and a $25.00 price target for the company. 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.02.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

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