180 Wealth Advisors LLC boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 28.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,087 shares of the utilities provider’s stock after purchasing an additional 6,394 shares during the quarter. 180 Wealth Advisors LLC’s holdings in CenterPoint Energy were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. Russell Investments Group Ltd. raised its position in shares of CenterPoint Energy by 17.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,969,534 shares of the utilities provider’s stock worth $149,859,000 after purchasing an additional 740,321 shares during the last quarter. Zimmer Partners LP bought a new position in shares of CenterPoint Energy during the 2nd quarter valued at $138,386,000. Duff & Phelps Investment Management Co. raised its holdings in shares of CenterPoint Energy by 4.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,913,400 shares of the utilities provider’s stock valued at $118,106,000 after purchasing an additional 176,100 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in CenterPoint Energy by 10.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,466,681 shares of the utilities provider’s stock valued at $104,624,000 after buying an additional 326,711 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in CenterPoint Energy by 11.1% in the 3rd quarter. California Public Employees Retirement System now owns 3,194,752 shares of the utilities provider’s stock valued at $96,418,000 after buying an additional 320,354 shares during the last quarter. Institutional investors own 80.04% of the company’s stock.
A number of research firms recently issued reports on CNP. Barclays lowered shares of CenterPoint Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. UBS Group decreased their price target on shares of CenterPoint Energy from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $28.00 target price on shares of CenterPoint Energy in a research report on Friday, December 13th. Guggenheim upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday. Finally, Morgan Stanley reiterated a “hold” rating and set a $27.00 target price (down from $31.00) on shares of CenterPoint Energy in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.14.
NYSE CNP traded down $0.12 during trading on Friday, reaching $26.93. 56,244 shares of the stock traded hands, compared to its average volume of 4,711,554. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 3.38 and a beta of 0.44. The stock’s 50-day moving average price is $26.11 and its 200 day moving average price is $27.87. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 2.12. CenterPoint Energy, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $31.42.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.10. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.91 billion. CenterPoint Energy had a net margin of 6.23% and a return on equity of 14.51%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Analysts anticipate that CenterPoint Energy, Inc. will post 1.68 EPS for the current fiscal year.
In related news, CEO Scott M. Prochazka sold 7,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.83, for a total value of $187,810.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 21,000 shares of company stock worth $562,450 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.
CenterPoint Energy Profile
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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