Nisa Investment Advisors LLC Sells 1,439 Shares of CenterPoint Energy, Inc. $CNP

Nisa Investment Advisors LLC reduced its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,304 shares of the utilities provider’s stock after selling 1,439 shares during the period. Nisa Investment Advisors LLC’s holdings in CenterPoint Energy were worth $6,073,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in CenterPoint Energy during the first quarter valued at $25,000. ST Germain D J Co. Inc. purchased a new stake in shares of CenterPoint Energy in the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of CenterPoint Energy during the 1st quarter valued at about $27,000. Chung Wu Investment Group LLC purchased a new position in shares of CenterPoint Energy during the second quarter worth about $29,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of CenterPoint Energy in the second quarter worth approximately $33,000. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

CNP has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. UBS Group lifted their price objective on shares of CenterPoint Energy from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company started coverage on shares of CenterPoint Energy in a research report on Monday. They issued an “overweight” rating and a $44.00 target price for the company. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, CenterPoint Energy has an average rating of “Hold” and a consensus target price of $41.50.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $39.52 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 1.76. The stock has a market cap of $25.80 billion, a PE ratio of 25.01, a PEG ratio of 2.85 and a beta of 0.57. The company’s fifty day moving average is $38.60 and its 200 day moving average is $37.73. CenterPoint Energy, Inc. has a 52 week low of $28.57 and a 52 week high of $40.50.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, October 23rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.04 billion. CenterPoint Energy had a return on equity of 10.25% and a net margin of 11.37%.During the same period last year, the firm earned $0.31 earnings per share. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s payout ratio is 55.70%.

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.