Mather Group LLC. Has $307,000 Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Mather Group LLC. lifted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,690 shares of the utilities provider’s stock after acquiring an additional 1,312 shares during the quarter. Mather Group LLC.’s holdings in CenterPoint Energy were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in shares of CenterPoint Energy by 51.3% during the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 375 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in CenterPoint Energy by 25.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 2,047 shares of the utilities provider’s stock valued at $60,000 after buying an additional 418 shares during the last quarter. US Bancorp DE boosted its position in CenterPoint Energy by 0.8% during the 3rd quarter. US Bancorp DE now owns 60,511 shares of the utilities provider’s stock worth $1,780,000 after buying an additional 472 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in CenterPoint Energy by 53.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 482 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in CenterPoint Energy by 2.4% in the 3rd quarter. Metis Global Partners LLC now owns 20,538 shares of the utilities provider’s stock valued at $604,000 after acquiring an additional 484 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.5 %

CNP stock opened at $32.43 on Friday. The stock has a market cap of $21.13 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.62 and a beta of 0.95. The company has a current ratio of 1.11, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87. The stock’s fifty day simple moving average is $32.03 and its two-hundred day simple moving average is $29.90. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $33.12.

CenterPoint Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.22 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, February 20th. CenterPoint Energy’s payout ratio is 58.28%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CNP shares. StockNews.com lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective for the company. Barclays upped their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company raised their price target on shares of CenterPoint Energy from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.46.

CenterPoint Energy Company 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.