Natixis Has $9.13 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Natixis cut its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 63.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 318,965 shares of the utilities provider’s stock after selling 557,760 shares during the period. Natixis owned approximately 0.06% of CenterPoint Energy worth $9,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth Bank of Australia lifted its position in CenterPoint Energy by 6,371.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,309,813 shares of the utilities provider’s stock worth $209,268,000 after buying an additional 7,196,865 shares in the last quarter. Zimmer Partners LP bought a new stake in CenterPoint Energy during the 2nd quarter worth about $138,386,000. Renaissance Technologies LLC lifted its position in CenterPoint Energy by 96.7% during the 2nd quarter. Renaissance Technologies LLC now owns 4,486,500 shares of the utilities provider’s stock worth $128,448,000 after buying an additional 2,205,900 shares in the last quarter. Russell Investments Group Ltd. lifted its position in CenterPoint Energy by 21.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,229,213 shares of the utilities provider’s stock worth $120,997,000 after buying an additional 758,634 shares in the last quarter. Finally, Cohen & Steers Inc. lifted its position in CenterPoint Energy by 6,123.3% during the 2nd quarter. Cohen & Steers Inc. now owns 3,836,236 shares of the utilities provider’s stock worth $109,831,000 after buying an additional 3,774,593 shares in the last quarter. 80.21% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Scott M. Prochazka sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $29.03, for a total value of $203,210.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 21,000 shares of company stock worth $608,510. 0.24% of the stock is owned by insiders.

Several brokerages have commented on CNP. Goldman Sachs Group boosted their price target on shares of CenterPoint Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Bank of America raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.32 price target on the stock in a research report on Thursday, June 13th. They noted that the move was a valuation call. Wells Fargo & Co cut their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 18th. Barclays raised shares of CenterPoint Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $33.00 to $31.00 in a research report on Tuesday, August 13th. Finally, SunTrust Banks raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $32.00 in a research report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.02.

Shares of CNP stock traded up $0.06 on Friday, reaching $28.96. The stock had a trading volume of 62,794 shares, compared to its average volume of 4,646,981. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 2.17. The firm’s 50-day moving average is $28.85 and its two-hundred day moving average is $29.40. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 3.31 and a beta of 0.48. CenterPoint Energy, Inc. has a 12 month low of $26.74 and a 12 month high of $31.42.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.79 billion. CenterPoint Energy had a net margin of 5.55% and a return on equity of 13.59%. CenterPoint Energy’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. On average, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.97%. CenterPoint Energy’s payout ratio is 71.88%.

CenterPoint Energy Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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