United Services Automobile Association Grows Stake in CenterPoint Energy, Inc. (NYSE:CNP)

United Services Automobile Association lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 26.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,659 shares of the utilities provider’s stock after acquiring an additional 3,457 shares during the quarter. United Services Automobile Association’s holdings in CenterPoint Energy were worth $529,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. LPL Financial LLC boosted its holdings in CenterPoint Energy by 5.5% in the 4th quarter. LPL Financial LLC now owns 157,052 shares of the utilities provider’s stock worth $4,983,000 after acquiring an additional 8,134 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of CenterPoint Energy during the fourth quarter worth $1,300,000. Sei Investments Co. grew its holdings in CenterPoint Energy by 3.5% during the 4th quarter. Sei Investments Co. now owns 363,849 shares of the utilities provider’s stock valued at $11,545,000 after purchasing an additional 12,401 shares in the last quarter. American Century Companies Inc. increased its stake in CenterPoint Energy by 1,431.1% during the 4th quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider’s stock worth $108,153,000 after buying an additional 3,185,932 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in CenterPoint Energy by 8.3% in the 4th quarter. TD Private Client Wealth LLC now owns 19,475 shares of the utilities provider’s stock worth $618,000 after buying an additional 1,499 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Down 0.2 %

NYSE CNP opened at $35.71 on Tuesday. 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, Inc. has a one year low of $25.41 and a one year high of $36.19. The company has a 50-day simple moving average of $33.58 and a 200-day simple moving average of $31.53. The firm has a market capitalization of $23.31 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91.

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

Analyst Ratings Changes

Several analysts have recently weighed in on CNP shares. UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective on the stock. Evercore ISI upgraded CenterPoint Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $36.00 to $37.00 in a research note on Tuesday, March 11th. Barclays lifted their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, January 27th. Finally, Morgan Stanley increased their price objective on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CenterPoint Energy 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.