Landscape Capital Management L.L.C. Has $667,000 Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Landscape Capital Management L.L.C. lowered its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 75.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,011 shares of the utilities provider's stock after selling 66,202 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in CenterPoint Energy were worth $667,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CenterPoint Energy in the third quarter valued at about $26,000. J.Safra Asset Management Corp purchased a new position in CenterPoint Energy in the fourth quarter valued at about $28,000. Assetmark Inc. boosted its stake in shares of 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 buying an additional 782 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at approximately $32,000. Finally, BankPlus Trust Department bought a new position in CenterPoint Energy during the 4th quarter valued at $40,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

CNP traded up $0.37 on Friday, reaching $36.56. The company had a trading volume of 8,296,724 shares, compared to its average volume of 5,538,779. The company has a fifty day moving average of $34.75 and a 200-day moving average of $32.38. The company has a market capitalization of $23.86 billion, a P/E ratio of 22.99, a PEG ratio of 2.71 and a beta of 0.65. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $37.70. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CNP. Guggenheim lowered CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a research note on Thursday, December 12th. They issued a "buy" rating and a $34.50 target price for the company. BMO Capital Markets upped their target price on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday, March 17th. Finally, Morgan Stanley raised their price target on CenterPoint Energy from $32.00 to $34.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $34.46.

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.