Yousif Capital Management LLC Purchases 14,458 Shares of CenterPoint Energy, Inc. $CNP

Yousif Capital Management LLC grew its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 15.9% during the third quarter, HoldingsChannel reports. The firm owned 105,203 shares of the utilities provider’s stock after buying an additional 14,458 shares during the period. Yousif Capital Management LLC’s holdings in CenterPoint Energy were worth $3,871,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Curry Webb Wealth Management LLC purchased a new position in shares of CenterPoint Energy in the third quarter valued at $228,000. Brookstone Capital Management increased its stake in CenterPoint Energy by 57.9% during the 3rd quarter. Brookstone Capital Management now owns 9,419 shares of the utilities provider’s stock worth $347,000 after buying an additional 3,453 shares during the period. Root Financial Partners LLC purchased a new stake in CenterPoint Energy during the 3rd quarter worth $172,000. Sowell Financial Services LLC increased its stake in CenterPoint Energy by 39.2% during the 3rd quarter. Sowell Financial Services LLC now owns 13,193 shares of the utilities provider’s stock worth $486,000 after buying an additional 3,717 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in CenterPoint Energy by 7.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 182,038 shares of the utilities provider’s stock worth $6,699,000 after buying an additional 12,728 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNP has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Evercore set a $43.00 target price on CenterPoint Energy in a research note on Monday, August 17th. KeyCorp dropped their target price on CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Truist Financial cut their price target on CenterPoint Energy from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Finally, Barclays cut their price target on CenterPoint Energy from $44.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.24.

CenterPoint Energy Stock Up 0.2%

CNP stock opened at $41.15 on Tuesday. The firm has a market cap of $27.11 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 2.72 and a beta of 0.47. CenterPoint Energy, Inc. has a 1-year low of $36.37 and a 1-year high of $45.26. The firm has a fifty day moving average price of $39.02 and a two-hundred day moving average price of $41.45. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. During the same period in the previous year, the firm posted $0.29 earnings per share. Research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.24 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.47%.

CenterPoint Energy Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.