Farther Finance Advisors LLC Has $441,000 Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Farther Finance Advisors LLC raised its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,909 shares of the utilities provider’s stock after buying an additional 432 shares during the quarter. Farther Finance Advisors LLC’s holdings in CenterPoint Energy were worth $441,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of CenterPoint Energy during the third quarter worth $26,000. J.Safra Asset Management Corp acquired a new position in CenterPoint Energy in the 4th quarter worth about $28,000. Assetmark Inc. raised its stake in shares of CenterPoint Energy by 657.1% during the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 782 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of CenterPoint Energy by 51.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 375 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of CenterPoint Energy during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

CNP has been the topic of several recent research reports. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price target on shares of CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley decreased their price objective on shares of CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays increased their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 27th. Finally, Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and an average price target of $32.77.

CenterPoint Energy Stock Performance

CNP opened at $35.52 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The stock’s 50 day moving average price is $33.03 and its two-hundred day moving average price is $31.18. The firm has a market capitalization of $23.18 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $35.64.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. On average, equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.21. CenterPoint Energy’s dividend payout ratio is currently 55.35%.

CenterPoint Energy Company 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.