Massachusetts Financial Services Co. MA Trims Position in CenterPoint Energy, Inc. (NYSE:CNP)

Massachusetts Financial Services Co. MA decreased its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,505,685 shares of the utilities provider's stock after selling 27,160 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.84% of CenterPoint Energy worth $174,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CNP. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of CenterPoint Energy by 3.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider's stock worth $378,000 after acquiring an additional 416 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of CenterPoint Energy by 3.2% during the fourth quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider's stock valued at $441,000 after buying an additional 432 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of CenterPoint Energy by 5.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider's stock worth $309,000 after buying an additional 461 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of CenterPoint Energy by 53.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 482 shares during the last quarter. Finally, M&T Bank Corp lifted its position in 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. Hedge funds and other institutional investors own 91.77% of the company's stock.

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CenterPoint Energy Price Performance

CNP stock traded up $0.72 during trading on Wednesday, hitting $36.27. 12,994,060 shares of the company's stock traded hands, compared to its average volume of 5,505,719. The stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 2.71 and a beta of 0.65. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $37.70. 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 business has a fifty day simple moving average of $34.59 and a 200 day simple moving average of $32.27.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CNP shares. Scotiabank raised shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Jefferies Financial Group started coverage on CenterPoint Energy in a report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price objective for the company. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research note on Thursday, December 12th. They issued a "buy" rating and a $34.50 price target for the company. Finally, Guggenheim cut shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently 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.