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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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’s holdings in CenterPoint Energy were worth $38,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CNP. Wilmington Savings Fund Society FSB acquired a new stake in CenterPoint Energy during the third quarter worth $26,000. J.Safra Asset Management Corp acquired a new stake in shares of CenterPoint Energy during the 4th quarter valued at about $28,000. Assetmark Inc. increased its stake in CenterPoint Energy by 657.1% in the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 782 shares during the period. VSM Wealth Advisory LLC acquired a new position in CenterPoint Energy in the fourth quarter worth about $32,000. Finally, First Horizon Advisors Inc. lifted its stake in CenterPoint Energy by 51.3% during the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 375 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CNP. JPMorgan Chase & Co. upped their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Scotiabank upgraded CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Barclays boosted their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 27th. Morgan Stanley dropped their target price on shares of CenterPoint Energy from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.50.

CenterPoint Energy Price Performance

CNP opened at $35.88 on Thursday. 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 $23.42 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The company’s 50 day simple moving average is $33.31 and its 200-day simple moving average is $31.33. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $35.93.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Company 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.