Schroder Investment Management Group Has $17.36 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Schroder Investment Management Group increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 809.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 545,239 shares of the utilities provider's stock after buying an additional 485,302 shares during the quarter. Schroder Investment Management Group owned 0.08% of CenterPoint Energy worth $17,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNP. Wilmington Savings Fund Society FSB acquired a new stake in shares of CenterPoint Energy during the third quarter worth about $26,000. J.Safra Asset Management Corp bought a new stake in CenterPoint Energy during the 4th quarter worth approximately $28,000. Assetmark Inc. raised its holdings in 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 period. VSM Wealth Advisory LLC bought a new position in CenterPoint Energy in the fourth quarter valued at approximately $32,000. Finally, BankPlus Trust Department acquired a new position in shares of CenterPoint Energy in the fourth quarter valued at approximately $40,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on CNP shares. Evercore ISI upgraded shares of 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 report on Tuesday, March 11th. Barclays lifted their price target on CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Monday, January 27th. 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 issued a "buy" rating and a $34.50 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $34.46.

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CenterPoint Energy Stock Down 1.4 %

CNP traded down $0.51 during trading on Monday, reaching $35.57. 10,267,960 shares of the stock were exchanged, compared to its average volume of 5,444,527. 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's 50 day moving average price is $34.31 and its two-hundred day moving average price is $32.12. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $37.70. The stock has a market cap of $23.22 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share 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 for the quarter, compared to analyst estimates of $2.46 billion. Equities analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

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.