Nomura Holdings Inc. reduced its position in CenterPoint Energy Inc. (NYSE:CNP) by 26.5% during the second quarter, Holdings Channel reports. The institutional investor owned 32,467 shares of the company’s stock after selling 11,692 shares during the period. Nomura Holdings Inc.’s holdings in CenterPoint Energy were worth $778,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of CenterPoint Energy by 0.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 55,140 shares of the company’s stock worth $1,012,000 after buying an additional 300 shares in the last quarter. Norges Bank bought a new stake in shares of CenterPoint Energy during the fourth quarter worth $42,628,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of CenterPoint Energy by 4.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 370,254 shares of the company’s stock worth $7,745,000 after buying an additional 15,454 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of CenterPoint Energy by 7.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,146 shares of the company’s stock worth $2,011,000 after buying an additional 6,432 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of CenterPoint Energy by 5.1% in the first quarter. Aperio Group LLC now owns 168,151 shares of the company’s stock worth $3,518,000 after buying an additional 8,206 shares in the last quarter. 77.05% of the stock is owned by institutional investors.
CenterPoint Energy Inc. (NYSE:CNP) opened at 24.26 on Tuesday. CenterPoint Energy Inc. has a 52 week low of $16.05 and a 52 week high of $24.71. The company’s 50-day moving average price is $22.90 and its 200 day moving average price is $22.48. The company’s market capitalization is $10.45 billion.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.62 billion. CenterPoint Energy had a positive return on equity of 13.48% and a negative net margin of 10.72%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. On average, analysts predict that CenterPoint Energy Inc. will post $1.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Tuesday, August 16th were given a dividend of $0.2575 per share. The ex-dividend date was Friday, August 12th. This represents a $1.03 annualized dividend and a yield of 4.25%. CenterPoint Energy’s dividend payout ratio (DPR) is presently -59.20%.
CNP has been the subject of a number of analyst reports. Argus reaffirmed a “buy” rating on shares of CenterPoint Energy in a research report on Wednesday, June 8th. Wells Fargo & Co. cut CenterPoint Energy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 22nd. Tudor Pickering cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, SunTrust Banks Inc. reissued a “hold” rating and set a $24.00 price objective on shares of CenterPoint Energy in a research report on Tuesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.68.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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