Cibc World Markets Corp Boosts Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Cibc World Markets Corp increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,818 shares of the utilities provider's stock after buying an additional 15,069 shares during the period. Cibc World Markets Corp's holdings in CenterPoint Energy were worth $3,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in CenterPoint Energy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider's stock valued at $442,231,000 after purchasing an additional 370,790 shares in the last quarter. Duff & Phelps Investment Management Co. grew its holdings in CenterPoint Energy by 5.2% in the third quarter. Duff & Phelps Investment Management Co. now owns 5,009,756 shares of the utilities provider's stock valued at $147,387,000 after purchasing an additional 247,944 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of CenterPoint Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,116,586 shares of the utilities provider's stock valued at $130,619,000 after buying an additional 160,154 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CenterPoint Energy by 2.1% during the third 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 acquiring an additional 65,139 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $97,348,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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CenterPoint Energy Trading Down 1.5 %

Shares of CNP traded down $0.54 during mid-day trading on Tuesday, reaching $35.18. The company had a trading volume of 5,309,661 shares, compared to its average volume of 5,201,203. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $36.19. The firm has a fifty day simple moving average of $33.58 and a 200-day simple moving average of $31.53. The stock has a market cap of $22.96 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. 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 brokerages have recently weighed in on CNP. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. UBS Group upgraded CenterPoint Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. LADENBURG THALM/SH SH started coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a "buy" rating and a $34.50 price objective for the company. Barclays upped their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a report on Monday, January 27th. Finally, BMO Capital Markets lifted their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $33.77.

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.