CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP decreased its position in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 44.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,665 shares of the utilities provider's stock after selling 17,510 shares during the period. Stevens Capital Management LP's holdings in CenterPoint Energy were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds 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 purchased a new position in CenterPoint Energy during the 4th quarter worth approximately $28,000. Assetmark Inc. lifted its stake in CenterPoint Energy by 657.1% during the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 782 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of CenterPoint Energy in the fourth quarter worth $32,000. Finally, First Horizon Advisors Inc. increased its stake in shares of CenterPoint Energy by 51.3% in the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider's stock worth $33,000 after acquiring an additional 375 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNP shares. Barclays boosted their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a report on Monday, January 27th. 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. Morgan Stanley lifted 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. Guggenheim downgraded shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets lifted their price objective on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday, March 17th. Two investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $33.77.

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CenterPoint Energy Price Performance

NYSE:CNP traded down $0.54 during trading hours on Tuesday, hitting $35.18. 5,309,661 shares of the stock were exchanged, compared to its average volume of 5,201,203. The firm's fifty day moving average price is $33.58 and its 200 day moving average price is $31.53. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $36.19. The company has a market cap of $22.96 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.71 and a beta of 0.91. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91.

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. 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 during the quarter, compared to the consensus estimate of $2.46 billion. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal 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.