Lbp Am Sa Takes $3.26 Million Position in CenterPoint Energy, Inc. (NYSE:CNP)

LBP AM SA purchased a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 102,636 shares of the utilities provider's stock, valued at approximately $3,257,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNP. Commonwealth Equity Services LLC lifted its position in CenterPoint Energy by 4.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 135,154 shares of the utilities provider's stock valued at $4,288,000 after purchasing an additional 6,322 shares in the last quarter. Vestcor Inc grew its holdings in CenterPoint Energy by 4.6% during the fourth quarter. Vestcor Inc now owns 20,914 shares of the utilities provider's stock valued at $664,000 after purchasing an additional 922 shares during the period. Farther Finance Advisors LLC grew its holdings in CenterPoint Energy by 3.2% during the fourth quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 432 shares during the period. Sequoia Financial Advisors LLC bought a new stake in CenterPoint Energy during the fourth quarter valued at about $223,000. Finally, HighTower Advisors LLC grew its holdings in CenterPoint Energy by 2.9% during the fourth quarter. HighTower Advisors LLC now owns 80,577 shares of the utilities provider's stock valued at $2,557,000 after purchasing an additional 2,283 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a "buy" rating and a $34.50 price target for the company. Scotiabank raised CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Guggenheim lowered CenterPoint Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised CenterPoint Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. 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, the company presently has a consensus rating of "Hold" and an average target price of $33.77.

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CenterPoint Energy Price Performance

Shares of NYSE:CNP traded up $0.07 during mid-day trading on Thursday, reaching $35.93. The stock had a trading volume of 3,578,188 shares, compared to its average volume of 5,183,490. 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 company has a market cap of $23.45 billion, a P/E ratio of 22.60, a price-to-earnings-growth 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 $35.99. The business's 50 day moving average price is $33.31 and its 200 day moving average price is $31.33.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $2.26 billion for 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%. Research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

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.