Vanguard Group Inc. Raises Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Vanguard Group Inc. raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,389,191 shares of the utilities provider's stock after purchasing an additional 120,829 shares during the period. Vanguard Group Inc. owned 12.18% of CenterPoint Energy worth $2,519,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CNP. Geode Capital Management LLC increased its position in shares of CenterPoint Energy by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider's stock worth $442,231,000 after acquiring an additional 370,790 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in shares of CenterPoint Energy by 5.2% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 5,009,756 shares of the utilities provider's stock valued at $147,387,000 after purchasing an additional 247,944 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of CenterPoint Energy by 4.0% in 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 during the period. American Century Companies Inc. boosted its stake in shares of CenterPoint Energy by 1,431.1% during the fourth quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider's stock valued at $108,153,000 after purchasing an additional 3,185,932 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CenterPoint Energy by 2.1% during the third 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 valued at $93,478,000 after buying an additional 65,139 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have issued reports on CNP shares. Scotiabank raised CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. LADENBURG THALM/SH SH assumed coverage on shares of CenterPoint Energy in a report on Thursday, December 12th. They issued a "buy" rating and a $34.50 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. BMO Capital Markets raised their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Monday, March 17th. Finally, Guggenheim lowered CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Two equities research 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. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and a consensus target price of $33.77.

CenterPoint Energy Stock Performance

NYSE:CNP traded up $0.59 during mid-day trading on Friday, hitting $36.26. The company's stock had a trading volume of 6,251,325 shares, compared to its average volume of 5,347,275. The business's fifty day moving average is $33.77 and its two-hundred day moving average is $31.64. The stock has a market cap of $23.66 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.71 and a beta of 0.91. 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 1 year low of $25.41 and a 1 year high of $36.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.46 billion. Analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

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.