Atria Investments Inc Sells 6,632 Shares of CenterPoint Energy, Inc. $CNP

Atria Investments Inc lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 15.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,490 shares of the utilities provider’s stock after selling 6,632 shares during the quarter. Atria Investments Inc’s holdings in CenterPoint Energy were worth $1,304,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Signature Estate & Investment Advisors LLC boosted its position in shares of CenterPoint Energy by 3.9% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 7,627 shares of the utilities provider’s stock valued at $280,000 after acquiring an additional 286 shares during the last quarter. Private Trust Co. NA boosted its position in shares of CenterPoint Energy by 21.5% during the 1st quarter. Private Trust Co. NA now owns 1,653 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 293 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of CenterPoint Energy by 17.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,014 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 304 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of CenterPoint Energy by 1.6% during the 2nd quarter. Fifth Third Bancorp now owns 21,180 shares of the utilities provider’s stock valued at $778,000 after acquiring an additional 342 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its position in shares of CenterPoint Energy by 5.5% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,582 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 392 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $38.88 on Thursday. The stock has a market cap of $25.38 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.79 and a beta of 0.57. The business’s fifty day moving average is $38.70 and its 200 day moving average is $37.81. CenterPoint Energy, Inc. has a twelve month low of $28.91 and a twelve month high of $40.50. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 1.76.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, October 23rd. The utilities provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. The company 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 in the prior year, the firm earned $0.31 earnings per share. Research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 20th. CenterPoint Energy’s payout ratio is 55.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNP. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Wells Fargo & Company initiated coverage on CenterPoint Energy in a research report on Monday, October 27th. They issued an “overweight” rating and a $44.00 target price for the company. Mizuho set a $42.00 target price on CenterPoint Energy in a research report on Tuesday, October 21st. Morgan Stanley boosted their target price on CenterPoint Energy from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Finally, Evercore ISI initiated coverage on CenterPoint Energy in a research report on Monday, October 6th. They issued an “in-line” rating and a $42.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.50.

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.