Keybank National Association OH Has $1.18 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Keybank National Association OH lowered its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,120 shares of the utilities provider’s stock after selling 878 shares during the quarter. Keybank National Association OH’s holdings in CenterPoint Energy were worth $1,178,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of CenterPoint Energy by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider’s stock valued at $442,231,000 after acquiring an additional 370,790 shares during the period. Duff & Phelps Investment Management Co. raised its holdings 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 valued at $147,387,000 after acquiring an additional 247,944 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of CenterPoint Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,116,586 shares of the utilities provider’s stock valued at $130,619,000 after acquiring an additional 160,154 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CenterPoint Energy by 2.1% during the third 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 acquiring an additional 65,139 shares during the period. Finally, Swiss National Bank raised its holdings in shares of CenterPoint Energy by 1.3% during the third quarter. Swiss National Bank now owns 1,898,800 shares of the utilities provider’s stock valued at $55,863,000 after acquiring an additional 24,400 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP opened at $34.26 on Friday. The company’s fifty day moving average is $32.68 and its 200-day moving average is $30.79. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $34.85. The firm has a market cap of $22.33 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. Equities analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

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 issued a dividend of $0.22 per share. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, February 20th. CenterPoint Energy’s dividend payout ratio is currently 55.35%.

Analysts Set New Price Targets

CNP has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. LADENBURG THALM/SH SH initiated coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 price objective on the stock. Morgan Stanley dropped their price objective on shares of CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $30.00 to $35.00 in a research note on Thursday, December 12th. Finally, UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and a consensus target price of $31.65.

CenterPoint Energy Profile

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.