Louisbourg Investments Inc. Has $4.48 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Louisbourg Investments Inc. reduced its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 8.7% in the 4th quarter, HoldingsChannel reports. The firm owned 141,088 shares of the utilities provider’s stock after selling 13,500 shares during the quarter. Louisbourg Investments Inc.’s holdings in CenterPoint Energy were worth $4,477,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in CenterPoint Energy by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider’s stock worth $442,231,000 after buying an additional 370,790 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of CenterPoint Energy by 5.2% during the third quarter. Duff & Phelps Investment Management Co. now owns 5,009,756 shares of the utilities provider’s stock worth $147,387,000 after purchasing an additional 247,944 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of CenterPoint Energy by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,432 shares of the utilities provider’s stock worth $116,398,000 after purchasing an additional 110,905 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in CenterPoint Energy by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,177,364 shares of the utilities provider’s stock valued at $93,478,000 after purchasing an additional 65,139 shares in the last quarter. Finally, Swiss National Bank raised its holdings in CenterPoint Energy by 1.3% during the third quarter. Swiss National Bank now owns 1,898,800 shares of the utilities provider’s stock worth $55,863,000 after buying an additional 24,400 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.1 %

NYSE CNP opened at $32.41 on Wednesday. The stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.61 and a beta of 0.95. The business’s fifty day moving average is $32.04 and its 200-day moving average is $29.99. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.11 and a quick ratio of 0.92. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $33.12.

CenterPoint Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.22 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.88 annualized dividend and a yield of 2.72%. CenterPoint Energy’s dividend payout ratio is presently 55.63%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on CenterPoint Energy from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Barclays lifted their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, January 27th. Finally, Morgan Stanley lowered their price target on CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.46.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.