Bokf Na Sells 502 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Bokf Na decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 28.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,252 shares of the utilities provider’s stock after selling 502 shares during the quarter. Bokf Na’s holdings in CenterPoint Energy were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of CenterPoint Energy by 2.1% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,981 shares of the utilities provider’s stock valued at $541,000 after acquiring an additional 388 shares during the period. Pitcairn Co. grew its position in CenterPoint Energy by 2.3% in the 1st quarter. Pitcairn Co. now owns 19,544 shares of the utilities provider’s stock worth $557,000 after purchasing an additional 434 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in CenterPoint Energy by 3.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 13,224 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 447 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in shares of CenterPoint Energy by 60.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 452 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of CenterPoint Energy by 2.4% during the second quarter. V Square Quantitative Management LLC now owns 19,650 shares of the utilities provider’s stock valued at $609,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE:CNP opened at $28.32 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 1.79. The firm has a market cap of $18.12 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $31.57. The company’s 50-day moving average price is $27.59 and its two-hundred day moving average price is $28.67.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, July 30th. The utilities provider reported $0.36 EPS for the quarter, topping 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 business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $0.28 EPS. On average, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 2.82%. CenterPoint Energy’s dividend payout ratio (DPR) is 56.34%.

Analyst Upgrades and Downgrades

CNP has been the topic of several research reports. StockNews.com lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 25th. Scotiabank lowered their price objective on CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. KeyCorp cut CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. BMO Capital Markets restated a “market perform” rating and issued a $28.00 price objective on shares of CenterPoint Energy in a research note on Monday, August 26th. Finally, Morgan Stanley raised their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.36.

About CenterPoint Energy

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.