Xponance Inc. Increases Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Xponance Inc. lifted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,635 shares of the utilities provider’s stock after acquiring an additional 2,672 shares during the quarter. Xponance Inc.’s holdings in CenterPoint Energy were worth $2,908,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of CenterPoint Energy during the 4th quarter worth approximately $97,348,000. Jacobs Levy Equity Management Inc. raised its position in shares of 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 worth $51,330,000 after purchasing an additional 1,482,966 shares during the last quarter. Zimmer Partners LP raised its position in shares of CenterPoint Energy by 98.1% during the 3rd quarter. Zimmer Partners LP now owns 1,536,640 shares of the utilities provider’s stock worth $45,208,000 after purchasing an additional 760,956 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 during the last quarter. Finally, National Bank of Canada FI raised its position in shares of CenterPoint Energy by 135.0% during the 3rd 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. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.5 %

CNP stock opened at $35.77 on Friday. The company has a market cap of $23.34 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.71 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The business has a fifty day simple moving average of $33.49 and a 200-day simple moving average of $31.42. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $36.19.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. On average, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNP. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research report on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective for the company. Morgan Stanley boosted their price target on CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday. Evercore ISI upgraded CenterPoint Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $36.00 to $37.00 in a report on Tuesday, March 11th. UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $37.00 in a report on Tuesday, December 3rd. Finally, Guggenheim downgraded CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Two 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.77.

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.