Maryland State Retirement & Pension System Has $18.17 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Maryland State Retirement & Pension System reduced its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 572,646 shares of the utilities provider's stock after selling 13,732 shares during the quarter. Maryland State Retirement & Pension System owned approximately 0.09% of CenterPoint Energy worth $18,170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in CenterPoint Energy in the 3rd quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new position in CenterPoint Energy in the 4th quarter worth approximately $28,000. Assetmark Inc. increased its position in CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after buying an additional 782 shares during the period. First Horizon Advisors Inc. increased its position in CenterPoint Energy by 51.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider's stock worth $33,000 after buying an additional 375 shares during the period. Finally, BankPlus Trust Department bought a new position in CenterPoint Energy in the 4th quarter worth approximately $40,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNP has been the topic of a number of research reports. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a "buy" rating and a $34.50 price objective on the stock. Barclays boosted their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, January 27th. BMO Capital Markets boosted their price objective 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. Scotiabank upgraded CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. Finally, Guggenheim cut CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.77.

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CenterPoint Energy Stock Down 0.5 %

NYSE CNP traded down $0.20 during trading hours on Friday, hitting $35.77. 8,615,283 shares of the company traded hands, compared to its average volume of 5,205,511. The business's 50-day moving average is $33.49 and its 200-day moving average is $31.45. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $36.19. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.71 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS 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 firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.46 billion. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share 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.