Smith Graham & Co. Investment Advisors LP Sells 14,137 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Smith Graham & Co. Investment Advisors LP lessened its stake in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,187 shares of the utilities provider’s stock after selling 14,137 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in CenterPoint Energy were worth $3,948,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Covestor Ltd increased its position in CenterPoint Energy by 176.7% during the first quarter. Covestor Ltd now owns 891 shares of the utilities provider’s stock worth $27,000 after buying an additional 569 shares during the last quarter. Global Retirement Partners LLC increased its position in CenterPoint Energy by 163.7% during the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after buying an additional 555 shares during the last quarter. CENTRAL TRUST Co grew its position in CenterPoint Energy by 137.5% during the third quarter. CENTRAL TRUST Co now owns 950 shares of the utilities provider’s stock worth $27,000 after buying an additional 550 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new stake in CenterPoint Energy during the fourth quarter worth approximately $32,000. Finally, KB Financial Partners LLC acquired a new stake in CenterPoint Energy during the first quarter worth approximately $34,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CNP has been the topic of a number of analyst reports. Evercore ISI downgraded CenterPoint Energy from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Guggenheim reduced their price target on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Mizuho restated a “neutral” rating and set a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. KeyCorp upped their target price on CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, Barclays upped their target price on CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.73.

Get Our Latest Analysis on CenterPoint Energy

CenterPoint Energy Stock Down 0.4 %

Shares of NYSE:CNP opened at $27.46 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82. The business has a fifty day simple moving average of $27.89 and a 200 day simple moving average of $27.90. The firm has a market cap of $17.38 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.43 and a beta of 0.92. CenterPoint Energy, Inc. has a 12-month low of $25.42 and a 12-month high of $31.43.

CenterPoint Energy (NYSE:CNPGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the firm earned $0.28 EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year.

CenterPoint Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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