CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in CenterPoint Energy, Inc. (NYSE:CNPGet Rating) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,746 shares of the utilities provider’s stock after selling 1,816 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CenterPoint Energy were worth $1,279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd boosted its holdings in shares of CenterPoint Energy by 176.7% in the 1st quarter. Covestor Ltd now owns 891 shares of the utilities provider’s stock valued at $27,000 after buying an additional 569 shares during the period. GHP Investment Advisors Inc. acquired a new position in CenterPoint Energy during the 1st quarter valued at about $28,000. Standard Family Office LLC acquired a new position in CenterPoint Energy during the 4th quarter valued at about $36,000. City State Bank acquired a new position in CenterPoint Energy during the 4th quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC boosted its stake in CenterPoint Energy by 70.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,473 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 610 shares during the period. 88.94% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Down 0.9 %

NYSE CNP opened at $31.66 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.03 and a quick ratio of 0.88. The company’s 50 day simple moving average is $31.69 and its 200 day simple moving average is $30.82. CenterPoint Energy, Inc. has a 12 month low of $24.50 and a 12 month high of $33.22. The company has a market capitalization of $19.93 billion, a P/E ratio of 13.03, a PEG ratio of 5.94 and a beta of 0.86.

CenterPoint Energy (NYSE:CNPGet Rating) last released its earnings results on Tuesday, August 2nd. The utilities provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CenterPoint Energy had a net margin of 18.16% and a return on equity of 10.92%. During the same period in the prior year, the company posted $0.36 EPS. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.38 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 18th were issued a $0.18 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Wednesday, August 17th. CenterPoint Energy’s payout ratio is presently 29.63%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. KeyCorp reduced their target price on shares of CenterPoint Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Evercore ISI boosted their target price on shares of CenterPoint Energy to $33.00 in a research note on Tuesday, August 9th. Barclays reduced their target price on shares of CenterPoint Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Finally, Morgan Stanley boosted their target price on shares of CenterPoint Energy from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.08.

CenterPoint Energy Profile

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CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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