Dana Investment Advisors Inc. Has $13.18 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Dana Investment Advisors Inc. decreased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 415,473 shares of the utilities provider’s stock after selling 13,352 shares during the period. Dana Investment Advisors Inc.’s holdings in CenterPoint Energy were worth $13,183,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its holdings in shares of CenterPoint Energy by 1.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 252,697 shares of the utilities provider’s stock valued at $8,018,000 after acquiring an additional 3,944 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of CenterPoint Energy by 3.3% during the 4th quarter. Arizona State Retirement System now owns 189,293 shares of the utilities provider’s stock valued at $6,006,000 after acquiring an additional 6,014 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of CenterPoint Energy during the 4th quarter valued at about $2,381,000. Atria Investments Inc increased its holdings in shares of CenterPoint Energy by 57.1% during the 4th quarter. Atria Investments Inc now owns 34,577 shares of the utilities provider’s stock valued at $1,097,000 after acquiring an additional 12,563 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of CenterPoint Energy by 657.1% during the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 782 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $33.87 on Thursday. The stock has a 50 day moving average of $32.63 and a two-hundred day moving average of $30.75. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $34.85. The company has a market capitalization of $22.07 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.71 and a beta of 0.91.

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

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.22 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. CenterPoint Energy’s dividend payout ratio (DPR) is currently 55.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CNP shares. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley lowered their target price on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays raised their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $30.00 to $35.00 in a report on Thursday, December 12th. Finally, UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.65.

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.