APG Asset Management N.V. Buys Shares of 356,700 CenterPoint Energy, Inc. (NYSE:CNP)

APG Asset Management N.V. bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 356,700 shares of the utilities provider's stock, valued at approximately $10,930,000. APG Asset Management N.V. owned approximately 0.05% of CenterPoint Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNP. Kovitz Investment Group Partners LLC acquired a new position in CenterPoint Energy during the third quarter worth $350,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of CenterPoint Energy by 8.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 195,878 shares of the utilities provider's stock valued at $5,763,000 after purchasing an additional 15,211 shares in the last quarter. M&T Bank Corp grew its position in shares of CenterPoint Energy by 1.2% in the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider's stock valued at $1,178,000 after purchasing an additional 489 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 370,790 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in CenterPoint Energy by 82.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 17,976 shares of the utilities provider's stock valued at $529,000 after buying an additional 8,110 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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CenterPoint Energy Stock Performance

NYSE CNP traded down $0.10 on Tuesday, hitting $37.13. The stock had a trading volume of 3,523,533 shares, compared to its average volume of 5,552,219. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $37.70. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 2.71 and a beta of 0.65. The company's 50-day moving average is $34.85 and its two-hundred day moving average is $32.46.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. On average, analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Guggenheim downgraded shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Evercore ISI upgraded shares of CenterPoint Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $36.00 to $37.00 in a report on Tuesday, March 11th. BMO Capital Markets upped their target price on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. Finally, Jefferies Financial Group initiated coverage on CenterPoint Energy in a report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $34.46.

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.