Dynasty Wealth Management LLC Acquires 6,219 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Dynasty Wealth Management LLC grew its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 21.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,917 shares of the utilities provider’s stock after buying an additional 6,219 shares during the quarter. Dynasty Wealth Management LLC’s holdings in CenterPoint Energy were worth $1,108,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in CenterPoint Energy during the 3rd quarter worth $26,000. First Horizon Advisors Inc. raised its position in shares of CenterPoint Energy by 51.3% during the third 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 during the last quarter. BankPlus Trust Department acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at $40,000. MassMutual Private Wealth & Trust FSB boosted its holdings in CenterPoint Energy by 53.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 482 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in CenterPoint Energy in the third quarter worth about $52,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on CNP shares. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Morgan Stanley reduced their price target on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays upped their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. Finally, Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.65.

CenterPoint Energy Trading Up 1.9 %

NYSE CNP opened at $34.38 on Friday. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $34.49. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market cap of $22.41 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.71 and a beta of 0.95. The stock’s 50-day moving average is $32.56 and its 200-day moving average is $30.56.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.22 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, February 20th. CenterPoint Energy’s payout ratio is currently 55.35%.

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.