Natixis Advisors LLC raised its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 419,932 shares of the utilities provider's stock after buying an additional 32,967 shares during the period. Natixis Advisors LLC owned about 0.06% of CenterPoint Energy worth $13,324,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of CNP. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of CenterPoint Energy by 3.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,484,528 shares of the utilities provider's stock valued at $47,104,000 after purchasing an additional 42,578 shares during the period. DRW Securities LLC acquired a new position in shares of CenterPoint Energy in the 3rd quarter valued at $908,000. Swiss National Bank lifted its stake in shares of CenterPoint Energy by 1.3% in the 3rd quarter. Swiss National Bank now owns 1,898,800 shares of the utilities provider's stock valued at $55,863,000 after purchasing an additional 24,400 shares during the period. HighTower Advisors LLC lifted its stake in shares of 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 purchasing an additional 2,283 shares during the period. Finally, Custom Index Systems LLC acquired a new position in shares of CenterPoint Energy in the 4th quarter valued at $265,000. 91.77% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
CNP has been the topic of a number of analyst reports. Guggenheim downgraded CenterPoint Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a research note on Thursday, December 12th. They set a "buy" rating and a $34.50 price objective on the stock. Barclays raised their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research note on Monday, January 27th. Evercore ISI raised CenterPoint Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. raised their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $33.77.
Read Our Latest Research Report on CNP
CenterPoint Energy Stock Down 0.5 %
Shares of CNP traded down $0.20 during midday trading on Friday, hitting $35.77. The stock had a trading volume of 8,615,283 shares, compared to its average volume of 5,205,511. The company has a 50 day simple moving average of $33.49 and a two-hundred day simple moving average of $31.45. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $36.19. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92.
CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (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 for the quarter, compared to the consensus estimate of $2.46 billion. On average, analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.
CenterPoint Energy Profile
(
Free Report)
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.
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