MetLife Investment Advisors LLC Sells 863 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

MetLife Investment Advisors LLC decreased its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,468 shares of the utilities provider’s stock after selling 863 shares during the quarter. MetLife Investment Advisors LLC’s holdings in CenterPoint Energy were worth $4,374,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of CenterPoint Energy by 28.6% during the 1st quarter. Nordea Investment Management AB now owns 25,284 shares of the utilities provider’s stock worth $776,000 after purchasing an additional 5,628 shares during the period. Advisory Services Network LLC increased its stake in CenterPoint Energy by 7.7% in the first quarter. Advisory Services Network LLC now owns 25,237 shares of the utilities provider’s stock valued at $775,000 after acquiring an additional 1,815 shares during the period. Rehmann Capital Advisory Group increased its stake in CenterPoint Energy by 26.5% in the first quarter. Rehmann Capital Advisory Group now owns 2,760 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 578 shares during the period. Marshall Wace North America L.P. increased its stake in CenterPoint Energy by 1,846.4% in the first quarter. Marshall Wace North America L.P. now owns 25,732 shares of the utilities provider’s stock valued at $790,000 after acquiring an additional 24,410 shares during the period. Finally, Financial Advisors Network Inc. bought a new stake in CenterPoint Energy in the first quarter valued at about $205,000. Hedge funds and other institutional investors own 78.23% of the company’s stock.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $30.90, for a total value of $216,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Milton Carroll sold 19,780 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $29.70, for a total transaction of $587,466.00. Following the sale, the insider now directly owns 98,301 shares of the company’s stock, valued at approximately $2,919,539.70. The disclosure for this sale can be found here. Insiders sold 52,780 shares of company stock valued at $1,558,486 in the last ninety days. Insiders own 0.24% of the company’s stock.

CNP has been the topic of a number of analyst reports. Bank of America set a $10.00 target price on shares of HEXO and gave the company a “buy” rating in a research note on Thursday, June 13th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the company a “hold” rating in a research note on Friday, June 14th. Mizuho lowered shares of Cypress Semiconductor from a “buy” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $23.85 in a research report on Monday, June 3rd. KeyCorp started coverage on shares of Southern in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. CenterPoint Energy has a consensus rating of “Buy” and an average price target of $31.69.

NYSE CNP traded down $0.19 during trading hours on Friday, hitting $28.87. The company’s stock had a trading volume of 3,580,101 shares, compared to its average volume of 4,014,561. The stock has a fifty day moving average of $29.12. CenterPoint Energy, Inc. has a twelve month low of $26.74 and a twelve month high of $31.42. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 3.37 and a beta of 0.48. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 2.12.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). CenterPoint Energy had a net margin of 3.39% and a return on equity of 13.31%. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, May 15th. CenterPoint Energy’s payout ratio is presently 71.88%.

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.

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

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