CenterPoint Energy (NYSE:CNP – Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, February 20th. Analysts expect CenterPoint Energy to post earnings of $0.33 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
CenterPoint Energy Stock Up 0.8 %
Shares of NYSE CNP opened at $27.75 on Tuesday. The firm has a market capitalization of $17.52 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93. The company has a current ratio of 0.78, a quick ratio of 0.57 and a debt-to-equity ratio of 1.76. CenterPoint Energy has a 1 year low of $25.42 and a 1 year high of $31.43. The firm’s 50-day moving average is $28.40 and its 200-day moving average is $28.08.
CenterPoint Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 64.00%.
Analyst Upgrades and Downgrades
In other CenterPoint Energy news, CFO Christopher A. Foster acquired 5,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were bought at an average cost of $28.10 per share, for a total transaction of $140,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 147,693 shares of the company’s stock, valued at $4,150,173.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.
Institutional Trading of CenterPoint Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in CNP. Invesco Ltd. raised its holdings in shares of CenterPoint Energy by 68.2% in the first quarter. Invesco Ltd. now owns 7,638,179 shares of the utilities provider’s stock valued at $234,036,000 after purchasing an additional 3,096,455 shares during the last quarter. State Street Corp increased its holdings in CenterPoint Energy by 10.0% during the first quarter. State Street Corp now owns 33,279,592 shares of the utilities provider’s stock worth $1,019,687,000 after buying an additional 3,035,409 shares during the last quarter. Norges Bank acquired a new position in CenterPoint Energy during the fourth quarter worth $88,736,000. Price T Rowe Associates Inc. MD increased its holdings in CenterPoint Energy by 42.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,348,720 shares of the utilities provider’s stock worth $187,034,000 after buying an additional 1,898,199 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in CenterPoint Energy by 2.1% during the first quarter. Vanguard Group Inc. now owns 73,506,201 shares of the utilities provider’s stock worth $2,252,230,000 after buying an additional 1,502,900 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
CenterPoint Energy Company Profile
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.
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