8,128 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Bought by First Hawaiian Bank

First Hawaiian Bank acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,128 shares of the utilities provider’s stock, valued at approximately $252,000.

A number of other hedge funds also recently made changes to their positions in the business. Global Retirement Partners LLC lifted its stake in shares of CenterPoint Energy by 163.7% during the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after buying an additional 555 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of CenterPoint Energy by 0.8% in the fourth quarter. Arizona State Retirement System now owns 173,474 shares of the utilities provider’s stock worth $4,956,000 after acquiring an additional 1,317 shares during the period. Asset Management One Co. Ltd. grew its position in shares of CenterPoint Energy by 5.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 270,203 shares of the utilities provider’s stock valued at $7,717,000 after purchasing an additional 14,036 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of CenterPoint Energy by 439.2% during the 4th quarter. International Assets Investment Management LLC now owns 128,599 shares of the utilities provider’s stock valued at $36,740,000 after purchasing an additional 104,751 shares during the period. Finally, Sowell Financial Services LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth about $391,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Performance

NYSE:CNP traded up $0.05 during trading hours on Tuesday, reaching $25.98. The company had a trading volume of 4,331,189 shares, compared to its average volume of 4,968,694. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.48 and a beta of 0.92. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 1.79. The firm’s 50 day moving average price is $29.82 and its 200-day moving average price is $28.85. CenterPoint Energy, Inc. has a 52 week low of $25.42 and a 52 week high of $31.57.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $1.91 billion for 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 company earned $0.28 earnings per share. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. KeyCorp cut shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday. JPMorgan Chase & Co. downgraded CenterPoint Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $32.00 to $29.00 in a report on Friday. StockNews.com upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. BMO Capital Markets cut shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $31.00 to $28.00 in a research report on Friday. Finally, Morgan Stanley downgraded shares of CenterPoint Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $30.00 to $29.00 in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and an average target price of $29.90.

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.