UniSuper Management Pty Ltd Buys 11,171 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

UniSuper Management Pty Ltd grew its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,786 shares of the utilities provider’s stock after buying an additional 11,171 shares during the period. UniSuper Management Pty Ltd’s holdings in CenterPoint Energy were worth $13,098,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new position in CenterPoint Energy in the fourth quarter worth $28,000. Wilmington Savings Fund Society FSB purchased a new stake in CenterPoint Energy during the third quarter valued at about $26,000. Assetmark Inc. boosted its holdings in shares of CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 782 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of CenterPoint Energy during the 4th quarter valued at about $32,000. Finally, BankPlus Trust Department purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at about $40,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.4 %

Shares of NYSE:CNP opened at $35.67 on Friday. The stock’s 50-day moving average is $33.77 and its 200 day moving average is $31.64. The company 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 debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $36.19.

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, meeting the consensus estimate 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 analysts’ expectations of $2.46 billion. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Morgan Stanley increased their target price on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets lifted their price objective on CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, CenterPoint Energy has an average rating of “Hold” and a consensus price target of $33.77.

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.