Quantinno Capital Management LP Decreases Position in CenterPoint Energy, Inc. (NYSE:CNP)

Quantinno Capital Management LP decreased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,468 shares of the utilities provider’s stock after selling 18,463 shares during the quarter. Quantinno Capital Management LP’s holdings in CenterPoint Energy were worth $543,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in CenterPoint Energy by 46.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,666,563 shares of the utilities provider’s stock worth $144,570,000 after buying an additional 1,484,079 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of CenterPoint Energy by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,043,757 shares of the utilities provider’s stock worth $125,275,000 after acquiring an additional 53,655 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CenterPoint Energy by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,432 shares of the utilities provider’s stock worth $116,398,000 after purchasing an additional 110,905 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CenterPoint Energy by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,177,364 shares of the utilities provider’s stock valued at $93,478,000 after purchasing an additional 65,139 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in CenterPoint Energy by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,611,909 shares of the utilities provider’s stock worth $80,914,000 after purchasing an additional 200,693 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $31.94 on Friday. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.72 and a beta of 0.96. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $33.00. The company has a quick ratio of 0.92, a current ratio of 1.11 and a debt-to-equity ratio of 1.87. The company’s 50 day moving average is $30.62 and its 200 day moving average is $29.41.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $0.40 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. CenterPoint Energy’s dividend payout ratio is presently 55.63%.

Wall Street Analyst Weigh In

CNP has been the subject of several recent analyst reports. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a research report on Thursday. They set a “buy” rating and a $34.50 target price for the company. Bank of America started coverage on CenterPoint Energy in a research report on Thursday, September 12th. They issued a “neutral” rating and a $29.00 price objective on the stock. StockNews.com downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. BMO Capital Markets restated a “market perform” rating and issued a $28.00 price target on shares of CenterPoint Energy in a report on Monday, August 26th. Finally, UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $37.00 in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, CenterPoint Energy presently has an average rating of “Hold” and an average price target of $31.27.

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.