Raleigh Capital Management Inc. Has $221,000 Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Raleigh Capital Management Inc. decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,981 shares of the utilities provider’s stock after selling 617 shares during the quarter. Raleigh Capital Management Inc.’s holdings in CenterPoint Energy were worth $221,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of CenterPoint Energy by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,611,909 shares of the utilities provider’s stock valued at $80,914,000 after acquiring an additional 200,693 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of CenterPoint Energy by 172.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,597 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 3,540 shares in the last quarter. Sei Investments Co. grew its position in shares of CenterPoint Energy by 53.9% during the 2nd quarter. Sei Investments Co. now owns 447,978 shares of the utilities provider’s stock worth $13,878,000 after buying an additional 156,954 shares during the period. ProShare Advisors LLC lifted its position in shares of CenterPoint Energy by 2.6% during the 2nd quarter. ProShare Advisors LLC now owns 177,905 shares of the utilities provider’s stock valued at $5,511,000 after acquiring an additional 4,488 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in CenterPoint Energy by 51.5% during the second quarter. Public Sector Pension Investment Board now owns 108,405 shares of the utilities provider’s stock worth $3,358,000 after acquiring an additional 36,868 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CNP. LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a research report on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective on the stock. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $30.00 to $35.00 in a research note on Thursday, December 12th. StockNews.com lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, CenterPoint Energy presently has a consensus rating of “Hold” and an average target price of $31.38.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $32.46 on Friday. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.66 and a beta of 0.95. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.11 and a quick ratio of 0.92. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $33.12. The firm’s 50-day moving average is $31.92 and its 200 day moving average is $29.68.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.22 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, February 20th. CenterPoint Energy’s payout ratio is presently 55.63%.

CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. 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.