Fox Run Management L.L.C. Buys Shares of 40,970 CenterPoint Energy, Inc. (NYSE:CNP)

Fox Run Management L.L.C. purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 40,970 shares of the utilities provider's stock, valued at approximately $1,300,000.

A number of other institutional investors have also made changes to their positions in the business. J.Safra Asset Management Corp bought a new position in CenterPoint Energy in the 4th quarter worth approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in CenterPoint Energy during the third quarter worth $26,000. Assetmark Inc. raised its stake in CenterPoint Energy by 657.1% during 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 bought a new stake in CenterPoint Energy in the 4th quarter valued at $32,000. Finally, First Horizon Advisors Inc. boosted its position 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 in the last quarter. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock traded down $0.59 during midday trading on Tuesday, reaching $35.14. The company had a trading volume of 1,338,440 shares, compared to its average volume of 5,201,203. 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 stock has a fifty day simple moving average of $33.58 and a 200 day simple moving average of $31.53. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $36.19. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91.

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CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. As a group, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CNP. Morgan Stanley raised 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 note on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. BMO Capital Markets upped their price target on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Monday, March 17th. Guggenheim cut CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, Barclays upped their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $33.77.

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.