Cinctive Capital Management LP Raises Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Cinctive Capital Management LP boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 91.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 383,080 shares of the utilities provider's stock after purchasing an additional 182,489 shares during the quarter. Cinctive Capital Management LP owned approximately 0.06% of CenterPoint Energy worth $12,155,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of CenterPoint Energy in the third quarter worth $26,000. J.Safra Asset Management Corp purchased a new stake in CenterPoint Energy during the 4th quarter worth about $28,000. Assetmark Inc. raised its stake in CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 782 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in CenterPoint Energy in the 4th quarter valued at about $32,000. Finally, BankPlus Trust Department acquired a new stake in shares of CenterPoint Energy during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CNP. Evercore ISI raised shares of CenterPoint Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. Scotiabank raised CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. Guggenheim downgraded CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $34.00 to $36.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets increased their price objective 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 given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $34.46.

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CenterPoint Energy Stock Down 1.9 %

NYSE CNP traded down $0.68 during trading hours on Monday, hitting $35.40. The company had a trading volume of 3,214,272 shares, compared to its average volume of 4,740,973. The firm's 50 day moving average is $34.26 and its 200 day moving average is $32.07. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $37.70. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.71 and a beta of 0.65.

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

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.