Baird Financial Group Inc. Has $234,000 Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Baird Financial Group Inc. increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNPGet Rating) by 4.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,908 shares of the utilities provider’s stock after acquiring an additional 328 shares during the period. Baird Financial Group Inc.’s holdings in CenterPoint Energy were worth $234,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CNP. Invesco Ltd. increased its holdings in shares of CenterPoint Energy by 68.2% during the 1st quarter. Invesco Ltd. now owns 7,638,179 shares of the utilities provider’s stock valued at $234,036,000 after acquiring an additional 3,096,455 shares during the last quarter. State Street Corp increased its holdings in shares of CenterPoint Energy by 10.0% during the 1st quarter. State Street Corp now owns 33,279,592 shares of the utilities provider’s stock valued at $1,019,687,000 after acquiring an additional 3,035,409 shares during the last quarter. Capital Research Global Investors grew its holdings in CenterPoint Energy by 7.8% in the 1st quarter. Capital Research Global Investors now owns 29,065,249 shares of the utilities provider’s stock valued at $890,559,000 after buying an additional 2,098,443 shares during the last quarter. Ceredex Value Advisors LLC grew its holdings in CenterPoint Energy by 56.8% in the 1st quarter. Ceredex Value Advisors LLC now owns 4,347,576 shares of the utilities provider’s stock valued at $133,210,000 after buying an additional 1,574,730 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in CenterPoint Energy by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 73,506,201 shares of the utilities provider’s stock valued at $2,252,230,000 after buying an additional 1,502,900 shares during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $30.81 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.89 and a quick ratio of 0.69. The company has a market capitalization of $19.40 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 6.10 and a beta of 0.85. CenterPoint Energy, Inc. has a one year low of $25.03 and a one year high of $33.50. The business has a 50 day simple moving average of $28.77 and a 200 day simple moving average of $30.09.

CenterPoint Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.72 annualized dividend and a yield of 2.34%. CenterPoint Energy’s payout ratio is 29.88%.

Insider Buying and Selling at CenterPoint Energy

In other CenterPoint Energy news, Director Barry T. Smitherman acquired 8,005 shares of the business’s stock in a transaction on Monday, November 7th. The stock was purchased at an average price of $28.38 per share, for a total transaction of $227,181.90. Following the transaction, the director now owns 20,534 shares in the company, valued at approximately $582,754.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CNP has been the topic of a number of research analyst reports. KeyCorp lowered their target price on CenterPoint Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. StockNews.com lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd. Evercore ISI raised their target price on CenterPoint Energy to $33.00 in a report on Tuesday, August 9th. Guggenheim reduced their price objective on CenterPoint Energy from $35.00 to $30.00 in a research report on Monday, October 24th. Finally, Wells Fargo & Company reduced their price objective on CenterPoint Energy from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.08.

CenterPoint Energy Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. (NYSE:CNPGet Rating).

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

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.