DRW Securities LLC Purchases Shares of 30,861 CenterPoint Energy, Inc. (NYSE:CNP)

DRW Securities LLC purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 30,861 shares of the utilities provider’s stock, valued at approximately $908,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. Olistico Wealth LLC bought a new position in CenterPoint Energy during the 2nd quarter valued at $33,000. Rothschild Investment LLC bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth $33,000. First Horizon Advisors Inc. boosted its stake in shares of CenterPoint Energy by 51.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 375 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth $36,000. Finally, Kimelman & Baird LLC bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth $43,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $32.49 on Tuesday. The stock has a market cap of $21.17 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.77 and a beta of 0.92. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $32.61. 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 business has a fifty day simple moving average of $29.79 and a 200-day simple moving average of $29.18.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CenterPoint Energy had a return on equity of 9.73% and a net margin of 11.25%. During the same quarter last year, the firm earned $0.40 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.21 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.59%. CenterPoint Energy’s payout ratio is presently 55.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered CenterPoint Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $29.00 in a research note on Friday, August 2nd. BMO Capital Markets reissued a “market perform” rating and set a $28.00 price objective on shares of CenterPoint Energy in a research note on Monday, August 26th. Bank of America assumed coverage on CenterPoint Energy in a research note on Thursday, September 12th. They set a “neutral” rating and a $29.00 price objective for the company. Wells Fargo & Company raised their price objective on CenterPoint Energy from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Scotiabank increased their target price on CenterPoint Energy from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and a consensus target price of $30.00.

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.