California Public Employees Retirement System Buys 47,305 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

California Public Employees Retirement System boosted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,924,792 shares of the utilities provider's stock after purchasing an additional 47,305 shares during the period. California Public Employees Retirement System owned about 0.45% of CenterPoint Energy worth $92,804,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 acquiring an additional 4,663 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of CenterPoint Energy by 4.9% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 in the last quarter. Benjamin Edwards Inc. boosted its position in CenterPoint Energy by 171.5% in the third quarter. Benjamin Edwards Inc. now owns 8,418 shares of the utilities provider's stock valued at $248,000 after buying an additional 5,318 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new stake in shares of CenterPoint Energy during the third quarter worth approximately $5,901,000. 91.77% of the stock is owned by institutional investors and hedge funds.

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CenterPoint Energy Stock Up 1.2 %

CNP traded up $0.43 on Thursday, hitting $37.36. 5,208,049 shares of the company were exchanged, compared to its average volume of 5,391,952. The stock's fifty day moving average is $34.08 and its 200-day moving average is $31.92. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $37.68. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market cap of $24.39 billion, a PE ratio of 23.50, a PEG ratio of 2.71 and a beta of 0.65.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CNP. Evercore ISI raised CenterPoint Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $36.00 to $37.00 in a report on Tuesday, March 11th. Barclays increased their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Monday, January 27th. Jefferies Financial Group assumed coverage on CenterPoint Energy in a report on Wednesday. They issued a "buy" rating and a $42.00 price target on the stock. Morgan Stanley boosted their price objective on CenterPoint Energy from $32.00 to $34.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, Scotiabank raised shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $30.00 to $35.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CenterPoint Energy currently has an average rating of "Hold" and an average price target of $34.46.

About CenterPoint Energy

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.