UniSuper Management Pty Ltd Increases Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

UniSuper Management Pty Ltd boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 412,786 shares of the utilities provider’s stock after buying an additional 11,171 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.06% of CenterPoint Energy worth $13,098,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. J.Safra Asset Management Corp purchased a new position in shares of CenterPoint Energy in the 4th quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new position in CenterPoint Energy in the third quarter worth $26,000. Assetmark Inc. grew its stake in CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 782 shares during the period. VSM Wealth Advisory LLC bought a new position in CenterPoint Energy in the 4th quarter valued at $32,000. Finally, BankPlus Trust Department purchased a new stake in shares of CenterPoint Energy during the 4th quarter valued at $40,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CNP has been the subject of several research reports. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 price objective on the stock. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. Finally, UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.77.

CenterPoint Energy Trading Up 0.4 %

Shares of CNP opened at $35.67 on Friday. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $36.19. The stock has a market cap of $23.28 billion, a PE ratio of 22.44, a P/E/G ratio of 2.71 and a beta of 0.91. 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’s 50-day moving average price is $33.77 and its 200-day moving average price is $31.64.

CenterPoint Energy (NYSE:CNP) last posted 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 business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. On average, equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

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.