Barrow Hanley Mewhinney & Strauss LLC Decreases Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,472,107 shares of the utilities provider's stock after selling 97,517 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.69% of CenterPoint Energy worth $141,900,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of CenterPoint Energy by 1,158.2% in the 3rd quarter. Larson Financial Group LLC now owns 2,378 shares of the utilities provider's stock worth $70,000 after buying an additional 2,189 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of CenterPoint Energy in the third quarter valued at about $7,062,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CenterPoint Energy by 3.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,174 shares of the utilities provider's stock valued at $3,653,000 after purchasing an additional 4,663 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of CenterPoint Energy by 4.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 113,705 shares of the utilities provider's stock worth $3,345,000 after purchasing an additional 5,300 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CenterPoint Energy by 2.1% during the 3rd 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 worth $93,478,000 after purchasing an additional 65,139 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Up 1.7 %

Shares of CNP traded up $0.62 during mid-day trading on Thursday, reaching $37.55. The company had a trading volume of 1,220,666 shares, compared to its average volume of 5,376,511. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $37.68. The firm has a fifty day simple moving average of $34.08 and a 200-day simple moving average of $31.92. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, meeting analysts' consensus estimates of $0.40. The firm 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, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a "buy" rating and a $34.50 target price on the stock. Scotiabank upgraded CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. Guggenheim downgraded shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, Barclays boosted their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and an average price target of $34.46.

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.