Intech Investment Management LLC Decreases Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Intech Investment Management LLC lessened its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 88.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,163 shares of the utilities provider's stock after selling 232,851 shares during the quarter. Intech Investment Management LLC's holdings in CenterPoint Energy were worth $957,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in CenterPoint Energy in the 4th quarter valued at $97,348,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of CenterPoint Energy by 566.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider's stock valued at $51,330,000 after purchasing an additional 1,482,966 shares during the period. Zimmer Partners LP raised its stake in CenterPoint Energy by 98.1% during the third quarter. Zimmer Partners LP now owns 1,536,640 shares of the utilities provider's stock worth $45,208,000 after purchasing an additional 760,956 shares during the period. Geode Capital Management LLC boosted its holdings 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 during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of CenterPoint Energy by 135.0% in the 3rd quarter. National Bank of Canada FI now owns 586,529 shares of the utilities provider's stock valued at $17,255,000 after buying an additional 336,984 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently commented on CNP shares. Evercore ISI upgraded CenterPoint Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $36.00 to $37.00 in a report on Tuesday, March 11th. Scotiabank raised CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $30.00 to $35.00 in a research note on Thursday, December 12th. Barclays raised their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research report on Monday, January 27th. BMO Capital Markets boosted their price objective on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday, March 17th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They set a "buy" rating and a $34.50 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.77.

CenterPoint Energy Stock Down 1.5 %

Shares of CNP stock traded down $0.54 during trading on Tuesday, reaching $35.18. The company's stock had a trading volume of 5,309,661 shares, compared to its average volume of 5,203,103. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $36.19. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The stock's 50-day moving average price is $33.64 and its 200 day moving average price is $31.59.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. On average, research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS 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.