CenterPoint Energy, Inc. (NYSE:CNP) is expected to pay $0.26 on Dec 9, 2016. The indicated annual dividend is $1.03. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on CenterPoint Energy, Inc.’s current price of $22.92, the dividend is 1.12%. This dividend’s record date is Nov 16, 2016 and the announcement date is Oct 28, 2016. The stock decreased 0.87% or $0.2 on November 11, hitting $22.92. About 3.44 million shares traded hands or 4.24% up from the average. CenterPoint Energy, Inc. (NYSE:CNP) has risen 7.81% since April 12, 2016 and is uptrending. It has outperformed by 2.83% the S&P500.
CenterPoint Energy, Inc. is a public utility holding company. The company has a market cap of $9.79 billion. The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. It currently has negative earnings. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
Insitutional Activity: The institutional sentiment decreased to 1.3 in 2016 Q2. Its down 0.06, from 1.36 in 2016Q1. The ratio turned negative, as 43 funds sold all CenterPoint Energy, Inc. shares owned while 122 reduced positions. 45 funds bought stakes while 170 increased positions. They now own 313.44 million shares or 13.41% more from 276.39 million shares in 2016Q1.
Assetmark Incorporated, a California-based fund reported 5,547 shares. Deutsche National Bank Ag last reported 1.34M shares in the company. Vanguard Gp holds 40.77M shares or 0.06% of its portfolio. Delta Lloyd Nv has 29,350 shares for 0.02% of their US portfolio. Moreover, Gulf National Bank (Uk) has 0.05% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 120,571 shares. Kcm Advsr Llc owns 83,170 shares or 0.14% of their US portfolio. Hanson And Doremus Investment owns 12,285 shares or 0.13% of their US portfolio. Joel Isaacson & Limited Company accumulated 3,560 shares or 0.02% of the stock. Franklin Resources Inc has 6.37M shares for 0.08% of their US portfolio. Jane Street Gru Ltd Liability has 0.01% invested in the company for 78,017 shares. Envestnet Asset Mngmt Incorporated, a Illinois-based fund reported 10,127 shares. Estabrook Capital holds 400 shares or 0% of its portfolio. Breton Hill Capital accumulated 8,500 shares or 0.07% of the stock. Gemmer Asset Mngmt Ltd Liability holds 0.01% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 486 shares. Ahl Prtn Llp last reported 0.78% of its portfolio in the stock.
Insider Transactions: Since May 13, 2016, the stock had 0 insider purchases, and 1 insider sale for $410,481 net activity. MCGOLDRICK JOSEPH B sold 9,000 shares worth $200,070.
CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage
Out of 7 analysts covering CenterPoint (NYSE:CNP), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. $25 is the highest target while $17 is the lowest. The $22.07 average target is -3.71% below today’s ($22.92) stock price. CenterPoint has been the topic of 16 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Argus Research maintained the stock with “Buy” rating in Tuesday, January 12 report. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Hold” rating by Deutsche Bank on Tuesday, August 11. Argus Research maintained CenterPoint Energy, Inc. (NYSE:CNP) rating on Thursday, March 24. Argus Research has “Buy” rating and $24 price target. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Sell” rating by Goldman Sachs on Monday, October 19. The company was upgraded on Monday, May 9 by Goldman Sachs. Macquarie Research maintained it with “Neutral” rating and $20 target price in Friday, November 6 report. The firm earned “Neutral” rating on Tuesday, October 13 by Credit Suisse. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Neutral” rating given on Monday, September 26 by SunTrust. On Thursday, May 12 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given on Friday, November 6 by Deutsche Bank.
More notable recent CenterPoint Energy, Inc. (NYSE:CNP) news were published by: Nasdaq.com which released: “CenterPoint Energy, Inc. (CNP) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016, also Prnewswire.com with their article: “CenterPoint Energy signs agreement with subsidiary of Atmos Energy Corporation …” published on October 31, 2016, Forbes.com published: “Ex-Dividend Reminder: Target, Consolidated Edison and CenterPoint Energy” on November 10, 2016. More interesting news about CenterPoint Energy, Inc. (NYSE:CNP) were released by: Prnewswire.com and their article: “CenterPoint Energy appoints new board member” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “CenterPoint Energy reports third quarter 2016 earnings of $0.41 per diluted …” with publication date: November 04, 2016.
CNP Company Profile
CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Company’s operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution facilities, and own interests in Enable Midstream Partners, LP (Enable). The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers (REPs). The Company’s Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. The Company’s Energy Services segment includes non-rate regulated gas sales to, and transportation and storage services for, commercial and industrial customers. The Company’s Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. The Company’s Other Operations segment includes office buildings and other real estate used in its business and other corporate operations, which support all of its business operations.
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