Swiss National Bank Has $58.42 Million Position in CenterPoint Energy, Inc. (NYSE:CNP)

Swiss National Bank trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,841,100 shares of the utilities provider's stock after selling 57,700 shares during the period. Swiss National Bank owned about 0.28% of CenterPoint Energy worth $58,418,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CNP. Atria Investments Inc increased its stake in CenterPoint Energy by 77.6% in the third quarter. Atria Investments Inc now owns 22,014 shares of the utilities provider's stock valued at $648,000 after purchasing an additional 9,619 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CenterPoint Energy by 0.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,441,950 shares of the utilities provider's stock valued at $42,422,000 after purchasing an additional 5,981 shares in the last quarter. Huntington National Bank increased its holdings in CenterPoint Energy by 15.2% in the third quarter. Huntington National Bank now owns 4,205 shares of the utilities provider's stock valued at $124,000 after buying an additional 556 shares in the last quarter. Metis Global Partners LLC raised its holdings in CenterPoint Energy by 2.4% during the third quarter. Metis Global Partners LLC now owns 20,538 shares of the utilities provider's stock worth $604,000 after purchasing an additional 484 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of CenterPoint Energy in the 3rd quarter worth about $2,564,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock traded up $0.22 during trading on Wednesday, hitting $35.88. 4,406,109 shares of the stock were exchanged, compared to its average volume of 4,450,111. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $35.93. The stock has a market cap of $23.42 billion, a PE ratio of 22.56, a P/E/G ratio of 2.71 and a beta of 0.91. The stock's fifty day moving average is $33.21 and its 200 day moving average is $31.30. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its earnings results 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 for 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%. As a group, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CNP shares. Morgan Stanley dropped their price target on CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Guggenheim downgraded CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of CenterPoint Energy from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Barclays increased their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research report on Monday, January 27th. Finally, UBS Group upgraded CenterPoint Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $33.50.

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.