CenterPoint Energy, Inc. (CNP) Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 76.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,377 shares of the utilities provider’s stock after selling 120,911 shares during the quarter. SG Americas Securities LLC’s holdings in CenterPoint Energy were worth $1,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in CenterPoint Energy by 2.3% during the second quarter. Wells Fargo & Company MN now owns 5,940,888 shares of the utilities provider’s stock worth $164,622,000 after acquiring an additional 131,358 shares during the period. Acadian Asset Management LLC grew its holdings in CenterPoint Energy by 27.9% during the second quarter. Acadian Asset Management LLC now owns 4,640,194 shares of the utilities provider’s stock worth $128,578,000 after acquiring an additional 1,012,520 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in CenterPoint Energy by 39.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,795,150 shares of the utilities provider’s stock worth $77,453,000 after acquiring an additional 791,903 shares during the period. TD Asset Management Inc. grew its holdings in CenterPoint Energy by 22.8% during the second quarter. TD Asset Management Inc. now owns 2,256,257 shares of the utilities provider’s stock worth $62,521,000 after acquiring an additional 419,293 shares during the period. Finally, First Trust Advisors LP grew its holdings in CenterPoint Energy by 84.6% during the second quarter. First Trust Advisors LP now owns 1,554,306 shares of the utilities provider’s stock worth $43,070,000 after acquiring an additional 712,521 shares during the period. 77.28% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CNP opened at $28.78 on Friday. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.14 and a beta of 0.45. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.66. CenterPoint Energy, Inc. has a 12 month low of $24.81 and a 12 month high of $30.34.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. CenterPoint Energy had a net margin of 15.43% and a return on equity of 10.73%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. research analysts forecast that CenterPoint Energy, Inc. will post 1.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 16th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Wednesday, August 15th. CenterPoint Energy’s dividend payout ratio is 81.02%.

A number of equities analysts recently weighed in on CNP shares. ValuEngine upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. SunTrust Banks reiterated a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a report on Monday, August 6th. JPMorgan Chase & Co. upgraded CenterPoint Energy from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Wednesday, September 5th. Finally, Bank of America upgraded CenterPoint Energy from an “underperform” rating to a “neutral” rating in a report on Thursday, June 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.86.

In related news, insider Milton Carroll sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $28.27, for a total value of $282,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Scott M. Prochazka sold 4,000 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $27.57, for a total value of $110,280.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,000 shares of company stock worth $504,940. 0.22% of the stock is owned by insiders.

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.

See Also: Hedge Funds

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

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