EverSource Wealth Advisors LLC Purchases 4,158 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

EverSource Wealth Advisors LLC increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 174.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,535 shares of the utilities provider’s stock after purchasing an additional 4,158 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CenterPoint Energy were worth $190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crewe Advisors LLC bought a new stake in CenterPoint Energy during the first quarter worth about $25,000. Global Retirement Partners LLC lifted its position in CenterPoint Energy by 163.7% during the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 555 shares during the period. FinTrust Capital Advisors LLC lifted its position in CenterPoint Energy by 60.3% during the first quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 452 shares during the period. Tobam bought a new stake in CenterPoint Energy during the first quarter worth about $35,000. Finally, ICA Group Wealth Management LLC bought a new stake in CenterPoint Energy during the fourth quarter worth about $43,000. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

CNP has been the subject of a number of research reports. BMO Capital Markets cut shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $31.00 to $28.00 in a report on Friday. Scotiabank dropped their target price on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. StockNews.com raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. cut shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $29.00 in a report on Friday. Finally, Morgan Stanley cut shares of CenterPoint Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $30.00 to $29.00 in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CenterPoint Energy currently has an average rating of “Hold” and an average target price of $29.90.

CenterPoint Energy Trading Down 3.8 %

Shares of CenterPoint Energy stock traded down $1.08 on Friday, hitting $27.07. The stock had a trading volume of 13,867,540 shares, compared to its average volume of 7,488,031. The stock has a 50 day moving average of $29.89 and a 200 day moving average of $28.86. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.57. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.06 and a current ratio of 1.20. The firm has a market capitalization of $17.38 billion, a P/E ratio of 19.06, a PEG ratio of 2.48 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Sell-side analysts expect that CenterPoint Energy, Inc. will post 1.62 earnings per share 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.