Cerity Partners LLC Has $9.14 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Cerity Partners LLC trimmed its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,924 shares of the utilities provider's stock after selling 13,040 shares during the quarter. Cerity Partners LLC's holdings in CenterPoint Energy were worth $9,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CNP. Norges Bank bought a new stake in shares of CenterPoint Energy during the fourth quarter worth approximately $158,232,000. American Century Companies Inc. boosted its stake in CenterPoint Energy by 1,431.1% in the 4th quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider's stock valued at $108,153,000 after purchasing an additional 3,185,932 shares during the period. Raymond James Financial Inc. bought a new position in CenterPoint Energy during the 4th quarter worth $97,348,000. Schroder Investment Management Group lifted its holdings in shares of CenterPoint Energy by 809.7% during the fourth quarter. Schroder Investment Management Group now owns 545,239 shares of the utilities provider's stock worth $17,355,000 after buying an additional 485,302 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in CenterPoint Energy by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,490,728 shares of the utilities provider's stock worth $490,205,000 after purchasing an additional 406,832 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

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CenterPoint Energy Price Performance

CNP traded up $0.03 on Wednesday, reaching $37.19. The stock had a trading volume of 1,040,363 shares, compared to its average volume of 5,175,556. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $37.70. The firm has a 50-day moving average of $34.94 and a 200-day moving average of $32.49.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.46 billion. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CNP shares. Guggenheim downgraded shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Morgan Stanley increased their price target on shares of CenterPoint Energy from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Evercore ISI upgraded shares of CenterPoint Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $36.00 to $37.00 in a research report on Tuesday, March 11th. BMO Capital Markets raised their target price on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday, March 17th. Finally, Barclays lifted their price target on CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, CenterPoint Energy has a consensus rating of "Hold" and a consensus target price 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.