Defence

Bokf Na buys 4,483 shares of CenterPoint Energy, Inc. (NYSE: CNP)


Bokf Na increased its stake in shares of CenterPoint Energy, Inc. (NYSE: CNPGet a rating) by 42.4% in the second quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The firm owned 15,065 shares of the utilities provider’s stock after acquiring an additional 4,483 shares during the quarter. Bokf Na’s holdings in CenterPoint Energy were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Profund Advisors LLC raised its stake in shares of CenterPoint Energy by 8.1% during the 1st quarter. Profund Advisors LLC now owns 29,273 shares of the utilities provider’s stock valued at $897,000 after purchasing an additional 2,182 shares during the period. Prospera Financial Services Inc acquired a new position in shares of CenterPoint Energy during the 1st quarter worth about $48,000. Cetera Advisor Networks LLC raised its stake in shares of CenterPoint Energy by 1.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 51,711 shares of the utilities provider’s stock valued at $1,584,000 after purchasing an additional 766 shares during the period. M&T Bank Corp boosted its stake in shares of CenterPoint Energy by 35.2% in the 2nd quarter. M&T Bank Corp now owns 24,582 shares of the utilities provider’s stock valued at $676,000 after purchasing an additional 6,396 shares during the period. Finally, Quantitative Investment Management LLC raised its stake in shares of CenterPoint Energy by 11.9% during the 1st quarter. Quantitative Investment Management LLC now owns 32,589 shares of the utilities provider’s stock valued at $998,000 after purchasing an additional 3,466 shares during the period. 88.94% of shares are currently owned by institutional investors.

Insider dealing at CenterPoint Energy

In related news, the director Barry T. Smitherman acquired 8,005 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average price of $28.38 per share, for a total transaction amounting to $227,181.90. Following the acquisition, the director now owns 20,534 shares in the company, valued at approximately $582,754.92. The acquisition was disclosed in a filing with the Securities and Exchange Commission, which is available through this link. Currently, 0.09% of shares are owned by insiders.

Wall Street analysts predict growth

CNP has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price target on CenterPoint Energy from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. Morgan Stanley upped their target price on CenterPoint Energy from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 11th. Evercore ISI upped their target price on CenterPoint Energy to $33.00 in a research note on Tuesday, August 9th. Guggenheim cut their price objective on CenterPoint Energy from $35.00 to $30.00 in a research note on Monday, October 24th. finally StockNews.com downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. CenterPoint Energy has a consensus rating of “Moderate Buy” and an average price target of $31.08, based on MarketBeat data.

CenterPoint Energy shares rose 1.2%

Actions CNP opened at $30.81 on Friday. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 12.78, a price-to-earnings ratio of 6.21 and a beta of 0.85. CenterPoint Energy, Inc. has a 1 year low of $25.03 and a 1 year high of $33.50. The 50 day simple moving average is $28.74 and the 200 day simple moving average is $30.10. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.89, and a quick ratio of 0.69.

CenterPoint Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.72 annualized dividend and a dividend yield of 2.34%. CenterPoint Energy’s dividend payout ratio (DPR) is 29.88%.

About CenterPoint Energy

(Get a rating)

CenterPoint Energy, Inc. operates as a utility holding company in the United States. The company operates through the electricity and natural gas segments. The Electricity segment includes electricity transmission and distribution services to electricity consumers and electricity generation assets, as well as assets in the wholesale electricity market.

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



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https://www.defenseworld.net/2022/11/25/bokf-na-buys-4483-shares-of-centerpoint-energy-inc-nysecnp.html Bokf Na buys 4,483 shares of CenterPoint Energy, Inc. (NYSE: CNP)

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