Signature Estate & Investment Advisors LLC Boosts Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Signature Estate & Investment Advisors LLC increased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,740 shares of the utilities provider’s stock after acquiring an additional 461 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in CenterPoint Energy were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNP. Wilmington Savings Fund Society FSB purchased a new stake in shares of CenterPoint Energy in the third quarter worth $26,000. J.Safra Asset Management Corp purchased a new stake in CenterPoint Energy in the 4th quarter worth $28,000. Assetmark Inc. increased its stake in CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock worth $29,000 after buying an additional 782 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of CenterPoint Energy in the fourth quarter valued at about $32,000. Finally, BankPlus Trust Department purchased a new position in shares of CenterPoint Energy in the fourth quarter valued at about $40,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.9 %

Shares of CNP opened at $35.54 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The business has a fifty day moving average of $33.72 and a 200 day moving average of $31.62. The company has a market cap of $23.19 billion, a PE ratio of 22.35, a P/E/G ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $36.19.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on CNP shares. Barclays upped their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 27th. Scotiabank upgraded CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets lifted their price objective on CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.