DnB Asset Management AS Buys 21,015 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

DnB Asset Management AS grew its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 342,514 shares of the utilities provider's stock after acquiring an additional 21,015 shares during the quarter. DnB Asset Management AS owned 0.05% of CenterPoint Energy worth $10,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its position 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 period. Farther Finance Advisors LLC raised its stake in shares of CenterPoint Energy by 3.2% in the 4th 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 in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of CenterPoint Energy by 5.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider's stock worth $309,000 after acquiring an additional 461 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of CenterPoint Energy by 53.0% during 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 in the last quarter. Finally, M&T Bank Corp increased its stake 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 acquiring an additional 489 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

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CenterPoint Energy Trading Up 1.5 %

CNP traded up $0.57 during mid-day trading on Thursday, reaching $37.50. The stock had a trading volume of 1,039,577 shares, compared to its average volume of 4,625,542. The stock has a market capitalization of $24.48 billion, a P/E ratio of 23.59, 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 firm's fifty day simple moving average is $34.08 and its two-hundred day simple moving average is $31.92.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting analysts' consensus estimates of $0.40. The firm 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%. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CNP. Morgan Stanley lifted their price objective on CenterPoint Energy from $32.00 to $34.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a "buy" rating and a $34.50 price objective for the company. Evercore ISI upgraded shares of CenterPoint Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $36.00 to $37.00 in a research note on Tuesday, March 11th. Guggenheim cut shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets boosted their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, CenterPoint Energy presently has an average rating of "Hold" and a consensus target price of $34.46.

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.