Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $38.84 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,223,974 shares of the utilities provider’s stock after purchasing an additional 15,069 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of CenterPoint Energy worth $38,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in CenterPoint Energy in the 4th quarter worth approximately $97,348,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of CenterPoint Energy by 566.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider’s stock worth $51,330,000 after acquiring an additional 1,482,966 shares in the last quarter. Zimmer Partners LP raised its holdings in shares of CenterPoint Energy by 98.1% during the third quarter. Zimmer Partners LP now owns 1,536,640 shares of the utilities provider’s stock worth $45,208,000 after acquiring an additional 760,956 shares in the last quarter. Geode Capital Management LLC boosted its position in CenterPoint Energy by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider’s stock valued at $442,231,000 after purchasing an additional 370,790 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in CenterPoint Energy by 135.0% in the third quarter. National Bank of Canada FI now owns 586,529 shares of the utilities provider’s stock valued at $17,255,000 after purchasing an additional 336,984 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 0.6 %

Shares of NYSE:CNP opened at $35.88 on Thursday. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $35.93. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market cap of $23.42 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.71 and a beta of 0.91. The stock’s 50-day moving average is $33.31 and its 200-day moving average is $31.33.

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, meeting analysts’ consensus estimates of $0.40. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CNP shares. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a research note on Thursday, December 12th. They set a “buy” rating and a $34.50 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Barclays boosted 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. Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.50.

About CenterPoint Energy

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.