Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 15,069 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,223,974 shares of the utilities provider's stock after acquiring an additional 15,069 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.19% of CenterPoint Energy worth $38,837,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CNP. Wilmington Savings Fund Society FSB acquired a new stake in shares of CenterPoint Energy in the 3rd quarter valued at $26,000. J.Safra Asset Management Corp bought a new position in CenterPoint Energy during the fourth quarter valued at about $28,000. Assetmark Inc. lifted its position in shares of CenterPoint Energy by 657.1% in the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after buying an additional 782 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth about $32,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of CenterPoint Energy by 51.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 375 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CNP shares. Barclays boosted their target price on CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, January 27th. LADENBURG THALM/SH SH assumed coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They issued a "buy" rating and a $34.50 price objective for the company. Scotiabank raised shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $30.00 to $35.00 in a report on Thursday, December 12th. Evercore ISI upgraded 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 report on Tuesday, March 11th. Finally, BMO Capital Markets boosted their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, CenterPoint Energy has a consensus rating of "Hold" and a consensus target price of $33.77.

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CenterPoint Energy Stock Performance

CNP stock traded down $0.07 during trading on Monday, reaching $35.71. 4,210,644 shares of the stock were exchanged, compared to its average volume of 5,201,529. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $36.19. 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 $23.31 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The stock has a 50 day simple moving average of $33.58 and a 200-day simple moving average of $31.53.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released 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. The business 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%. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

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.