CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its stake in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,639 shares of the utilities provider’s stock after purchasing an additional 633 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in CenterPoint Energy were worth $259,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CNP. Invesco Ltd. grew its holdings in shares of CenterPoint Energy by 68.2% during the first quarter. Invesco Ltd. now owns 7,638,179 shares of the utilities provider’s stock valued at $234,036,000 after purchasing an additional 3,096,455 shares during the last quarter. State Street Corp grew its holdings in CenterPoint Energy by 10.0% in the 1st quarter. State Street Corp now owns 33,279,592 shares of the utilities provider’s stock worth $1,019,687,000 after buying an additional 3,035,409 shares in the last quarter. Norges Bank bought a new position in CenterPoint Energy in the 4th quarter worth approximately $88,736,000. California Public Employees Retirement System grew its holdings in CenterPoint Energy by 175.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,618,686 shares of the utilities provider’s stock worth $97,162,000 after buying an additional 2,304,183 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in CenterPoint Energy by 42.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,348,720 shares of the utilities provider’s stock worth $187,034,000 after buying an additional 1,898,199 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

CenterPoint Energy Trading Up 0.4 %

Shares of NYSE CNP opened at $27.53 on Friday. The business has a fifty day simple moving average of $28.43 and a 200-day simple moving average of $28.14. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.26 and a beta of 0.93. CenterPoint Energy, Inc. has a 12 month low of $25.42 and a 12 month high of $31.43. The company has a quick ratio of 0.57, a current ratio of 0.78 and a debt-to-equity ratio of 1.76.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.91%. CenterPoint Energy’s dividend payout ratio is currently 64.00%.

Insider Buying and Selling

In related news, CEO David J. Lesar purchased 37,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $27.12 per share, with a total value of $1,003,440.00. Following the purchase, the chief executive officer now owns 37,000 shares of the company’s stock, valued at approximately $1,003,440. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CenterPoint Energy news, CFO Christopher A. Foster bought 5,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were bought at an average price of $28.10 per share, with a total value of $140,500.00. Following the purchase, the chief financial officer now directly owns 147,693 shares in the company, valued at approximately $4,150,173.30. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David J. Lesar bought 37,000 shares of the stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $27.12 per share, for a total transaction of $1,003,440.00. Following the purchase, the chief executive officer now owns 37,000 shares in the company, valued at $1,003,440. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CNP shares. BMO Capital Markets decreased their price objective on CenterPoint Energy from $34.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Evercore ISI downgraded CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. cut their target price on CenterPoint Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Morgan Stanley cut their target price on CenterPoint Energy from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, November 21st. Finally, KeyCorp upped their target price on CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.73.

View Our Latest Stock Analysis on CNP

CenterPoint Energy Company Profile

(Free Report)

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 optimizes assets in the wholesale power market.

Further Reading

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

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