Korea Investment CORP Sells 41,400 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Korea Investment CORP trimmed its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 395,648 shares of the utilities provider's stock after selling 41,400 shares during the quarter. Korea Investment CORP owned approximately 0.06% of CenterPoint Energy worth $12,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC increased its holdings in CenterPoint Energy by 2.9% in the 4th quarter. HighTower Advisors LLC now owns 80,577 shares of the utilities provider's stock valued at $2,557,000 after acquiring an additional 2,283 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CenterPoint Energy by 3.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,484,528 shares of the utilities provider's stock worth $47,104,000 after purchasing an additional 42,578 shares during the last quarter. Custom Index Systems LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter worth about $265,000. Atria Investments Inc boosted its stake in CenterPoint Energy by 57.1% during the fourth quarter. Atria Investments Inc now owns 34,577 shares of the utilities provider's stock valued at $1,097,000 after buying an additional 12,563 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in CenterPoint Energy by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 847,366 shares of the utilities provider's stock valued at $24,930,000 after buying an additional 56,037 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

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CenterPoint Energy Trading Up 1.8 %

Shares of NYSE CNP traded up $0.65 during midday trading on Thursday, hitting $37.58. The company's stock had a trading volume of 1,855,825 shares, compared to its average volume of 5,379,161. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $37.68. 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 firm has a market cap of $24.53 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65. The business's 50 day moving average is $34.08 and its two-hundred day moving average is $31.92.

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 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 return on equity of 10.02% and a net margin of 11.79%. As a group, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Analysts Set New Price Targets

CNP has been the topic of several recent research reports. Barclays upped their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, January 27th. Evercore ISI upgraded shares of CenterPoint Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $36.00 to $37.00 in a research report on Tuesday, March 11th. BMO Capital Markets lifted their price objective on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. upped their target price on shares of CenterPoint Energy from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley lifted their price target on CenterPoint Energy from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $34.46.

CenterPoint Energy Company 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.