Norges Bank Takes $158.23 Million Position in CenterPoint Energy, Inc. (NYSE:CNP)

Norges Bank acquired a new position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,986,839 shares of the utilities provider's stock, valued at approximately $158,232,000. Norges Bank owned approximately 0.77% of CenterPoint Energy as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. J.Safra Asset Management Corp bought a new position in CenterPoint Energy in the 4th quarter valued at about $28,000. Wilmington Savings Fund Society FSB bought a new stake in CenterPoint Energy during the third quarter worth $26,000. Assetmark Inc. boosted its holdings in shares of CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 782 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of CenterPoint Energy during the 4th quarter worth $32,000. Finally, BankPlus Trust Department bought a new stake in shares of CenterPoint Energy during the 4th quarter worth $40,000. Institutional investors own 91.77% of the company's stock.

CenterPoint Energy Trading Up 1.2 %

NYSE CNP traded up $0.43 during trading on Thursday, hitting $37.36. 5,208,048 shares of the company's stock traded hands, compared to its average volume of 5,391,951. The stock has a fifty day moving average of $34.08 and a two-hundred day moving average of $31.92. 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, Inc. has a 12-month low of $25.41 and a 12-month high of $37.68. The firm has a market cap of $24.39 billion, a P/E ratio of 23.50, a PEG ratio of 2.71 and a beta of 0.65.

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CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.46 billion. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on CNP shares. Guggenheim cut shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Jefferies Financial Group initiated coverage on shares of CenterPoint Energy in a research note on Wednesday. They set a "buy" rating and a $42.00 target price on the stock. BMO Capital Markets increased their price target on CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. Scotiabank raised CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $30.00 to $35.00 in a report on Thursday, December 12th. Finally, Barclays boosted their price target on CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CenterPoint Energy 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.