APG Asset Management N.V. Buys Shares of 356,700 CenterPoint Energy, Inc. (NYSE:CNP)

APG Asset Management N.V. purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 356,700 shares of the utilities provider’s stock, valued at approximately $10,930,000. APG Asset Management N.V. owned about 0.05% of CenterPoint Energy at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Polymer Capital Management US LLC purchased a new position in CenterPoint Energy during the fourth quarter valued at $11,106,000. Polymer Capital Management HK LTD bought a new position in shares of CenterPoint Energy in the fourth quarter worth about $847,000. Federated Hermes Inc. lifted its position in shares of CenterPoint Energy by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 1,099,612 shares of the utilities provider’s stock valued at $34,891,000 after buying an additional 14,030 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of CenterPoint Energy by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 5,167 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 390 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in CenterPoint Energy in the 4th quarter worth approximately $5,957,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Down 0.2 %

Shares of CNP opened at $36.19 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $37.70. The business’s 50 day simple moving average is $34.66 and its 200-day simple moving average is $32.32.

CenterPoint Energy (NYSE:CNP) last released its quarterly 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 net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. As a group, equities analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CNP. Jefferies Financial Group started coverage on shares of CenterPoint Energy in a research report on Wednesday, April 2nd. They issued a “buy” rating and a $42.00 price target for the company. BMO Capital Markets upped their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, March 17th. Barclays raised their price target on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. Argus upgraded CenterPoint Energy to a “hold” rating in a research report on Friday, April 4th. Finally, Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.46.

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.