Zurcher Kantonalbank Zurich Cantonalbank Buys 7,358 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,532 shares of the utilities provider's stock after purchasing an additional 7,358 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in CenterPoint Energy were worth $4,174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at about $97,348,000. Jacobs Levy Equity Management Inc. boosted its stake in CenterPoint Energy by 566.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider's stock valued at $51,330,000 after purchasing an additional 1,482,966 shares during the last quarter. Zimmer Partners LP boosted its stake in CenterPoint Energy by 98.1% during the 3rd quarter. Zimmer Partners LP now owns 1,536,640 shares of the utilities provider's stock valued at $45,208,000 after purchasing an additional 760,956 shares during the last quarter. Geode Capital Management LLC increased its holdings in CenterPoint Energy by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider's stock worth $442,231,000 after purchasing an additional 370,790 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of CenterPoint Energy by 135.0% in the third quarter. National Bank of Canada FI now owns 586,529 shares of the utilities provider's stock worth $17,255,000 after purchasing an additional 336,984 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently issued reports on CNP. Scotiabank upgraded CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $30.00 to $35.00 in a report on Thursday, December 12th. Morgan Stanley reduced their target price on shares of CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. BMO Capital Markets raised their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Monday. Barclays upped their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price on CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, CenterPoint Energy presently has an average rating of "Hold" and an average target price of $33.50.

CenterPoint Energy Stock Performance

Shares of NYSE CNP traded up $0.07 during trading on Tuesday, reaching $35.66. 3,960,702 shares of the stock traded hands, compared to its average volume of 5,184,354. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market capitalization of $23.27 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $35.88. The company has a 50-day moving average of $33.12 and a 200-day moving average of $31.24.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released 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 business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. Analysts forecast 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.