CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by RFG Advisory LLC

RFG Advisory LLC reduced its position in CenterPoint Energy, Inc. (NYSE:CNP) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 13,334 shares of the utilities provider’s stock after selling 438 shares during the quarter. RFG Advisory LLC’s holdings in CenterPoint Energy were worth $483,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CNP. Capital Research Global Investors grew its position in CenterPoint Energy by 156.4% in the 4th quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider’s stock valued at $1,446,036,000 after acquiring an additional 27,799,744 shares in the last quarter. BROOKFIELD Corp ON acquired a new position in CenterPoint Energy in the 4th quarter valued at about $164,350,000. Norges Bank acquired a new position in CenterPoint Energy in the 4th quarter valued at about $158,232,000. American Century Companies Inc. grew its position in CenterPoint Energy by 1,431.1% in the 4th quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider’s stock valued at $108,153,000 after acquiring an additional 3,185,932 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in CenterPoint Energy in the 4th quarter valued at about $97,348,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

CNP stock opened at $36.59 on Friday. The business has a 50 day moving average price of $37.28 and a 200 day moving average price of $34.49. The stock has a market cap of $23.88 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.71 and a beta of 0.63. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $39.31. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, May 15th. CenterPoint Energy’s dividend payout ratio is currently 59.06%.

Analyst Upgrades and Downgrades

CNP has been the subject of several research reports. Evercore ISI lifted their target price on CenterPoint Energy from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Argus upgraded CenterPoint Energy to a “hold” rating in a research note on Friday, April 4th. Morgan Stanley decreased their price objective on CenterPoint Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. Finally, Scotiabank reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $35.00) on shares of CenterPoint Energy in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.04.

About CenterPoint Energy

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.