PGGM Investments Acquires 24,079 Shares of CenterPoint Energy, Inc. (CNP)
PGGM Investments grew its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,693,021 shares of the utilities provider’s stock after acquiring an additional 24,079 shares during the period. PGGM Investments owned 0.39% of CenterPoint Energy worth $49,453,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Federated Investors Inc. PA boosted its holdings in shares of CenterPoint Energy by 160.1% during the 2nd quarter. Federated Investors Inc. PA now owns 84,599 shares of the utilities provider’s stock worth $2,316,000 after buying an additional 52,078 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of CenterPoint Energy during the 2nd quarter worth $5,476,000. Teachers Advisors LLC boosted its holdings in shares of CenterPoint Energy by 12.0% during the 2nd quarter. Teachers Advisors LLC now owns 1,964,638 shares of the utilities provider’s stock worth $53,792,000 after buying an additional 209,856 shares during the period. Aviva PLC boosted its holdings in shares of CenterPoint Energy by 0.4% during the 2nd quarter. Aviva PLC now owns 265,720 shares of the utilities provider’s stock worth $7,278,000 after buying an additional 1,070 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of CenterPoint Energy by 2.8% during the 2nd quarter. Swiss National Bank now owns 1,490,722 shares of the utilities provider’s stock worth $40,816,000 after buying an additional 41,000 shares during the period. 76.84% of the stock is owned by institutional investors.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction on Friday, September 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 3,000 shares of company stock valued at $86,920. Company insiders own 0.20% of the company’s stock.
CenterPoint Energy, Inc. (NYSE CNP) traded down 0.17% during trading on Friday, reaching $29.70. 1,545,326 shares of the company traded hands. The company has a market cap of $12.80 billion, a PE ratio of 21.21 and a beta of 0.62. The company’s 50-day moving average is $29.53 and its 200 day moving average is $28.55. CenterPoint Energy, Inc. has a 12 month low of $21.91 and a 12 month high of $30.45.
CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 36.1% compared to the same quarter last year. On average, analysts anticipate that CenterPoint Energy, Inc. will post $1.33 earnings per share for the current year.
CNP has been the subject of several recent analyst reports. J P Morgan Chase & Co initiated coverage on shares of CenterPoint Energy in a report on Thursday, June 29th. They set a “neutral” rating and a $29.00 price objective for the company. BidaskClub raised shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 price objective on shares of CenterPoint Energy in a report on Monday, September 11th. Finally, Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Eight research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $28.13.
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.
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