Orion Portfolio Solutions LLC Invests $227,000 in CenterPoint Energy, Inc. (NYSE:CNP)

Orion Portfolio Solutions LLC purchased a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,154 shares of the utilities provider's stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in CenterPoint Energy in the 3rd quarter valued at $26,000. J.Safra Asset Management Corp acquired a new stake in CenterPoint Energy during the fourth quarter worth about $28,000. Assetmark Inc. increased its holdings in shares of CenterPoint Energy by 657.1% during 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 last quarter. VSM Wealth Advisory LLC acquired a new stake in CenterPoint Energy during the fourth quarter worth $32,000. Finally, BankPlus Trust Department purchased a new stake in CenterPoint Energy in the 4th quarter valued at about $40,000. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

NYSE CNP traded down $0.10 on Wednesday, hitting $37.06. 360,010 shares of the company's stock were exchanged, compared to its average volume of 5,539,727. The firm's 50-day moving average price is $34.94 and its two-hundred day moving average price is $32.49. The firm has a market cap of $24.19 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 2.71 and a beta of 0.65. 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 fifty-two week low of $25.41 and a fifty-two week high of $37.70.

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CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results 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 company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. On average, research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNP. Barclays boosted their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, January 27th. Jefferies Financial Group began coverage on shares of CenterPoint Energy in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price target for the company. Argus raised CenterPoint Energy to a "hold" rating in a research report on Friday, April 4th. Morgan Stanley upped their target price on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price target 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $34.46.

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.