Candriam Luxembourg S.C.A. Has $4.67 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Candriam Luxembourg S.C.A. trimmed its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 26.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,372 shares of the utilities provider’s stock after selling 62,082 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in CenterPoint Energy were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CNP. Millennium Management LLC lifted its stake in shares of CenterPoint Energy by 18,904.3% in the 3rd quarter. Millennium Management LLC now owns 1,970,178 shares of the utilities provider’s stock valued at $59,459,000 after purchasing an additional 1,959,811 shares during the period. Retirement Systems of Alabama lifted its stake in shares of CenterPoint Energy by 450.7% in the 4th quarter. Retirement Systems of Alabama now owns 1,211,035 shares of the utilities provider’s stock valued at $33,025,000 after purchasing an additional 991,107 shares during the period. First Trust Advisors LP increased its position in CenterPoint Energy by 81.9% in the 4th quarter. First Trust Advisors LP now owns 1,886,404 shares of the utilities provider’s stock valued at $51,442,000 after buying an additional 849,538 shares in the last quarter. Russell Investments Group Ltd. increased its position in CenterPoint Energy by 17.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,969,534 shares of the utilities provider’s stock valued at $149,859,000 after buying an additional 740,321 shares in the last quarter. Finally, OLD Republic International Corp increased its position in CenterPoint Energy by 48.8% in the 4th quarter. OLD Republic International Corp now owns 1,799,000 shares of the utilities provider’s stock valued at $49,059,000 after buying an additional 590,000 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

Shares of CNP opened at $27.18 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.83 and a current ratio of 0.99. The stock has a 50 day moving average price of $26.74 and a two-hundred day moving average price of $27.55. The firm has a market capitalization of $13.65 billion, a P/E ratio of 15.99, a P/E/G ratio of 3.39 and a beta of 0.44. CenterPoint Energy, Inc. has a 52 week low of $24.25 and a 52 week high of $31.42.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.29 per share. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.29. This represents a $1.16 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Wednesday, February 19th. CenterPoint Energy’s payout ratio is currently 71.88%.

A number of brokerages recently commented on CNP. Barclays lowered CenterPoint Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Guggenheim raised CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, January 14th. Wells Fargo & Co lowered CenterPoint Energy from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a research report on Monday, November 25th. Evercore ISI raised CenterPoint Energy from an “in-line” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Monday, January 27th. Finally, UBS Group decreased their target price on CenterPoint Energy from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. CenterPoint Energy presently has an average rating of “Hold” and a consensus target price of $28.07.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.83, for a total transaction of $187,810.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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

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