Vanguard Personalized Indexing Management LLC Has $1.61 Million Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Vanguard Personalized Indexing Management LLC raised its position in CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,975 shares of the utilities provider’s stock after acquiring an additional 2,633 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CenterPoint Energy were worth $1,610,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of CenterPoint Energy by 68.2% during the 1st quarter. Invesco Ltd. now owns 7,638,179 shares of the utilities provider’s stock worth $234,036,000 after purchasing an additional 3,096,455 shares during the last quarter. State Street Corp increased its position in shares of CenterPoint Energy by 10.0% during the 1st quarter. State Street Corp now owns 33,279,592 shares of the utilities provider’s stock worth $1,019,687,000 after purchasing an additional 3,035,409 shares during the last quarter. Norges Bank acquired a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $88,736,000. California Public Employees Retirement System increased its position in shares of CenterPoint Energy by 175.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,618,686 shares of the utilities provider’s stock worth $97,162,000 after purchasing an additional 2,304,183 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of CenterPoint Energy by 42.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,348,720 shares of the utilities provider’s stock worth $187,034,000 after purchasing an additional 1,898,199 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Insider Buying and Selling

In other CenterPoint Energy news, CFO Christopher A. Foster acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average cost of $28.10 per share, for a total transaction of $140,500.00. Following the transaction, the chief financial officer now directly owns 147,693 shares in the company, valued at $4,150,173.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Christopher A. Foster bought 5,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was acquired at an average price of $28.10 per share, with a total value of $140,500.00. Following the acquisition, the chief financial officer now directly owns 147,693 shares in the company, valued at $4,150,173.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David J. Lesar bought 37,000 shares of the stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $27.12 per share, with a total value of $1,003,440.00. Following the acquisition, the chief executive officer now owns 37,000 shares in the company, valued at $1,003,440. The disclosure for this purchase can be found here. 0.18% of the stock is owned by corporate insiders.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $27.53 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.78 and a debt-to-equity ratio of 1.76. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.43. The company has a market cap of $17.38 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.25 and a beta of 0.93. The business has a fifty day simple moving average of $28.43 and a 200 day simple moving average of $28.14.

CenterPoint Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.91%. CenterPoint Energy’s dividend payout ratio is currently 64.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI lowered CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Morgan Stanley decreased their target price on CenterPoint Energy from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, November 21st. BMO Capital Markets decreased their target price on CenterPoint Energy from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. Barclays boosted their target price on CenterPoint Energy from $27.00 to $28.00 and gave the stock an “underweight” rating in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price target on CenterPoint Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.73.

Read Our Latest Report on CNP

CenterPoint Energy Profile

(Free Report)

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. 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.

Further Reading

Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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