Greenleaf Trust Raises Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Greenleaf Trust lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNPGet Rating) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,790 shares of the utilities provider’s stock after purchasing an additional 912 shares during the quarter. Greenleaf Trust’s holdings in CenterPoint Energy were worth $674,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CNP. Deutsche Bank AG raised its stake in shares of CenterPoint Energy by 32.9% during the second quarter. Deutsche Bank AG now owns 19,775,849 shares of the utilities provider’s stock worth $584,971,000 after purchasing an additional 4,899,990 shares during the last quarter. Invesco Ltd. raised its stake 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 worth $234,036,000 after purchasing an additional 3,096,455 shares during the last quarter. State Street Corp raised its stake in shares of CenterPoint Energy by 10.0% during the first quarter. State Street Corp now owns 33,279,592 shares of the utilities provider’s stock worth $1,019,687,000 after purchasing an additional 3,035,409 shares during the last quarter. Capital Research Global Investors raised its stake in shares of CenterPoint Energy by 7.8% during the first quarter. Capital Research Global Investors now owns 29,065,249 shares of the utilities provider’s stock worth $890,559,000 after purchasing an additional 2,098,443 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its stake in shares of CenterPoint Energy by 56.8% during the first quarter. Ceredex Value Advisors LLC now owns 4,347,576 shares of the utilities provider’s stock worth $133,210,000 after purchasing an additional 1,574,730 shares during the last quarter. Hedge funds and other institutional investors own 88.94% of the company’s stock.

CenterPoint Energy Stock Up 1.2 %

CenterPoint Energy stock opened at $30.81 on Thursday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.69 and a current ratio of 0.89. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 6.21 and a beta of 0.85. CenterPoint Energy, Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $33.50. The stock’s fifty day moving average is $28.77 and its two-hundred day moving average is $30.09.

CenterPoint Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNP. StockNews.com cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 3rd. Wells Fargo & Company cut 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. Morgan Stanley increased their price objective on CenterPoint Energy from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, November 11th. Guggenheim cut their price objective on CenterPoint Energy from $35.00 to $30.00 in a research report on Monday, October 24th. Finally, KeyCorp cut their price objective on CenterPoint Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.08.

Insider Activity at CenterPoint Energy

In related news, Director Barry T. Smitherman acquired 8,005 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were acquired at an average price of $28.38 per share, with a total value of $227,181.90. Following the completion of the purchase, the director now directly owns 20,534 shares in the company, valued at $582,754.92. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

CenterPoint Energy Company 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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