Commerce Bank Has $400,000 Position in CenterPoint Energy, Inc. (CNP)

Commerce Bank boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 6.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,490 shares of the utilities provider’s stock after buying an additional 908 shares during the period. Commerce Bank’s holdings in CenterPoint Energy were worth $400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shell Asset Management Co. boosted its position in CenterPoint Energy by 95.0% in the third quarter. Shell Asset Management Co. now owns 37,539 shares of the utilities provider’s stock valued at $872,000 after buying an additional 18,290 shares during the period. Rothschild Asset Management Inc. boosted its position in CenterPoint Energy by 28.6% in the third quarter. Rothschild Asset Management Inc. now owns 18,195 shares of the utilities provider’s stock valued at $423,000 after buying an additional 4,042 shares during the period. World Asset Management Inc boosted its position in CenterPoint Energy by 2.4% in the third quarter. World Asset Management Inc now owns 46,115 shares of the utilities provider’s stock valued at $1,071,000 after buying an additional 1,100 shares during the period. APG Asset Management N.V. boosted its position in CenterPoint Energy by 71.2% in the third quarter. APG Asset Management N.V. now owns 1,120,178 shares of the utilities provider’s stock valued at $26,022,000 after buying an additional 466,000 shares during the period. Finally, Quantbot Technologies LP boosted its position in CenterPoint Energy by 31.6% in the third quarter. Quantbot Technologies LP now owns 45,133 shares of the utilities provider’s stock valued at $1,048,000 after buying an additional 10,839 shares during the period. Hedge funds and other institutional investors own 72.50% of the company’s stock.

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

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.14 billion. CenterPoint Energy had a negative net margin of 2.46% and a positive return on equity of 15.00%. The company’s quarterly revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Tuesday, May 16th will be given a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 3.93%. The ex-dividend date is Friday, May 12th. CenterPoint Energy’s payout ratio is currently -245.24%.

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Several research firms have recently weighed in on CNP. Barclays PLC upped their price target on shares of CenterPoint Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, March 20th. Royal Bank of Canada cut shares of CenterPoint Energy from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $17.00 to $28.00 in a report on Thursday, March 16th. They noted that the move was a valuation call. Finally, Deutsche Bank AG upped their price target on shares of CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CenterPoint Energy presently has an average rating of “Hold” and a consensus target price of $27.13.

In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $27.45, for a total value of $27,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

About CenterPoint Energy

CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

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