Profund Advisors LLC Has $1.09 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Profund Advisors LLC increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 49.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,323 shares of the utilities provider’s stock after buying an additional 11,765 shares during the quarter. Profund Advisors LLC’s holdings in CenterPoint Energy were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Aveo Capital Partners LLC grew its stake in CenterPoint Energy by 4.7% during the 4th quarter. Aveo Capital Partners LLC now owns 13,280 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 600 shares in the last quarter. Wells Fargo & Company MN increased its stake in CenterPoint Energy by 36.2% in the 4th quarter. Wells Fargo & Company MN now owns 433,039 shares of the utilities provider’s stock valued at $12,372,000 after buying an additional 115,029 shares during the period. Corient Private Wealth LLC lifted its position in CenterPoint Energy by 12.9% in the 4th quarter. Corient Private Wealth LLC now owns 106,602 shares of the utilities provider’s stock worth $3,046,000 after buying an additional 12,178 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of CenterPoint Energy by 26.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $68,000 after buying an additional 492 shares during the period. Finally, US Bancorp DE grew its holdings in shares of CenterPoint Energy by 1.2% during the 4th quarter. US Bancorp DE now owns 68,639 shares of the utilities provider’s stock valued at $1,961,000 after acquiring an additional 820 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on CNP shares. BMO Capital Markets reiterated a “market perform” rating and set a $28.00 price objective on shares of CenterPoint Energy in a report on Monday, August 26th. KeyCorp lowered CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 2nd. StockNews.com upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Bank of America assumed coverage on shares of CenterPoint Energy in a research note on Thursday, September 12th. They issued a “neutral” rating and a $29.00 target price for the company. Finally, Morgan Stanley increased their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, CenterPoint Energy presently has a consensus rating of “Hold” and a consensus price target of $29.36.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $28.94 on Tuesday. The firm has a market capitalization of $18.51 billion, a PE ratio of 20.38, a PEG ratio of 2.46 and a beta of 0.92. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $31.57. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 1.79. The firm’s fifty day simple moving average is $27.48 and its 200 day simple moving average is $28.69.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $0.28 earnings per share. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.34%.

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.