Thompson Siegel & Walmsley LLC Sells 2,335 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Thompson Siegel & Walmsley LLC trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,212 shares of the utilities provider’s stock after selling 2,335 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in CenterPoint Energy were worth $419,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. First Horizon Advisors Inc. grew its stake in shares of CenterPoint Energy by 51.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 375 shares during the period. Farther Finance Advisors LLC grew its stake in shares of CenterPoint Energy by 3.2% in the 4th quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 432 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of CenterPoint Energy by 53.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 482 shares during the period. Metis Global Partners LLC grew its stake in shares of CenterPoint Energy by 2.4% in the 3rd quarter. Metis Global Partners LLC now owns 20,538 shares of the utilities provider’s stock valued at $604,000 after purchasing an additional 484 shares during the period. Finally, M&T Bank Corp grew its stake in shares of CenterPoint Energy by 1.2% in the 3rd quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock valued at $1,178,000 after purchasing an additional 489 shares during the period. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Up 2.6 %

NYSE:CNP opened at $35.52 on Friday. The stock’s fifty day moving average price is $33.03 and its two-hundred day moving average price is $31.13. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $35.64. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market cap of $23.18 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.71 and a beta of 0.91.

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

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. CenterPoint Energy’s dividend payout ratio is 55.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley reduced their target price on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a report on Thursday, December 12th. They issued a “buy” rating and a $34.50 target price on the stock. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $30.00 to $35.00 in a report on Thursday, December 12th. Finally, UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, CenterPoint Energy presently has an average rating of “Hold” and an average target price of $32.77.

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.