Nissay Asset Management Corp Japan ADV Increases Stake in CenterPoint Energy, Inc. (NYSE:CNP)


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Nissay Asset Management Corp Japan ADV grew its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,672 shares of the utilities provider’s stock after buying an additional 1,157 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in CenterPoint Energy were worth $1,183,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CNP. Jeppson Wealth Management LLC purchased a new position in CenterPoint Energy during the 3rd quarter worth $27,000. Kistler Tiffany Companies LLC increased its holdings in shares of CenterPoint Energy by 133.7% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 1,748 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 1,000 shares in the last quarter. Hexagon Capital Partners LLC purchased a new position in shares of CenterPoint Energy in the 3rd quarter valued at about $42,000. Berman Capital Advisors LLC increased its holdings in shares of CenterPoint Energy by 25.1% in the 3rd quarter. Berman Capital Advisors LLC now owns 2,456 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 492 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. increased its holdings in shares of CenterPoint Energy by 35.5% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 2,862 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 750 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Evercore ISI upgraded shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating in a report on Thursday, January 21st. BMO Capital Markets increased their price target on shares of CenterPoint Energy from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, November 6th. Credit Suisse Group increased their price target on shares of CenterPoint Energy from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Mizuho increased their price target on shares of CenterPoint Energy from $20.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 26th. Finally, KeyCorp upgraded shares of CenterPoint Energy from an “underweight” rating to a “sector weight” rating in a report on Thursday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.63.

CenterPoint Energy stock opened at $20.67 on Tuesday. CenterPoint Energy, Inc. has a 12-month low of $11.58 and a 12-month high of $25.45. The stock has a market capitalization of $11.26 billion, a P/E ratio of -10.60, a P/E/G ratio of 3.02 and a beta of 0.95. The firm’s 50-day moving average is $21.31 and its two-hundred day moving average is $21.29. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.73 and a quick ratio of 0.59.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 11th. Shareholders of record on Thursday, February 18th will be paid a dividend of $0.16 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, February 17th. CenterPoint Energy’s dividend payout ratio (DPR) is currently 35.75%.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Houston Electric T&D segment electric transmission and distribution services to electric utility. It owns 236 substation sites with a total installed rated transformer capacity of 68,053 megavolt amperes.

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

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