75,037 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 75,037 shares of the utilities provider's stock, valued at approximately $2,381,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of CenterPoint Energy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider's stock valued at $442,231,000 after buying an additional 370,790 shares during the period. Duff & Phelps Investment Management Co. grew its stake in CenterPoint Energy by 5.2% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 5,009,756 shares of the utilities provider's stock worth $147,387,000 after purchasing an additional 247,944 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CenterPoint Energy by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,116,586 shares of the utilities provider's stock worth $130,619,000 after purchasing an additional 160,154 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in CenterPoint Energy by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,177,364 shares of the utilities provider's stock worth $93,478,000 after purchasing an additional 65,139 shares in the last quarter. Finally, Swiss National Bank grew its stake in CenterPoint Energy by 1.3% during the 3rd quarter. Swiss National Bank now owns 1,898,800 shares of the utilities provider's stock worth $55,863,000 after purchasing an additional 24,400 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on CNP shares. JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. 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 report on Thursday, December 12th. BMO Capital Markets upped their price objective on CenterPoint Energy from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Monday, March 17th. LADENBURG THALM/SH SH started coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a "buy" rating and a $34.50 price objective for the company. 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 report on Tuesday, March 11th. Two 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, CenterPoint Energy presently has an average rating of "Hold" and an average target price of $33.77.

CenterPoint Energy Stock Performance

CNP traded down $0.20 on Friday, hitting $35.77. 8,615,283 shares of the company traded hands, compared to its average volume of 5,200,983. The company has a 50 day moving average of $33.49 and a 200-day moving average of $31.42. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $23.34 billion, a PE ratio of 22.49, a PEG ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $36.19.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $2.26 billion during 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%. 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.