CenterPoint Energy, Inc. (CNP) Position Raised by National Pension Service
National Pension Service increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 34,046.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,271 shares of the utilities provider’s stock after buying an additional 388,131 shares during the period. National Pension Service owned approximately 0.09% of CenterPoint Energy worth $10,709,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC boosted its position in shares of CenterPoint Energy by 2,490.1% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,714 shares of the utilities provider’s stock valued at $109,000 after buying an additional 4,532 shares during the period. Guidant Wealth Advisors bought a new position in shares of CenterPoint Energy during the third quarter valued at approximately $107,000. Shinko Asset Management Co. Ltd. boosted its position in shares of CenterPoint Energy by 618.5% in the third quarter. Shinko Asset Management Co. Ltd. now owns 8,248 shares of the utilities provider’s stock valued at $192,000 after buying an additional 7,100 shares during the period. Laurion Capital Management LP bought a new position in shares of CenterPoint Energy during the third quarter valued at approximately $200,000. Finally, IFC Holdings Incorporated FL boosted its position in shares of CenterPoint Energy by 3.7% in the third quarter. IFC Holdings Incorporated FL now owns 9,041 shares of the utilities provider’s stock valued at $211,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 72.50% of the company’s stock.
CenterPoint Energy, Inc. (NYSE:CNP) opened at 27.90 on Friday. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 27.90 and a beta of 0.56. CenterPoint Energy, Inc. has a 52 week low of $20.65 and a 52 week high of $28.46. The stock’s 50 day moving average price is $27.79 and its 200-day moving average price is $25.25.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Tuesday, February 28th. The utilities provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.18 billion. CenterPoint Energy had a negative net margin of 2.46% and a positive return on equity of 15.00%. CenterPoint Energy’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, equities research analysts forecast that CenterPoint Energy, Inc. will post $1.30 earnings per share for the current fiscal year.
Several research analysts recently commented on CNP shares. Zacks Investment Research raised CenterPoint Energy from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research report on Wednesday, January 11th. Royal Bank of Canada lowered CenterPoint Energy from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $17.00 to $28.00 in a research note on Thursday, March 16th. They noted that the move was a valuation call. Barclays PLC restated a “hold” rating and issued a $27.00 price objective on shares of CenterPoint Energy in a research note on Monday, January 9th. Deutsche Bank AG upped their price objective on CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Finally, TheStreet upgraded CenterPoint Energy from a “c+” rating to a “b-” rating in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. CenterPoint Energy has a consensus rating of “Hold” and an average price target of $26.44.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $27.45, for a total transaction of $27,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by company insiders.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy, Inc. (NYSE:CNP).
Receive News & Ratings for CenterPoint Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.