National Pension Service Has $29.23 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

National Pension Service lessened its stake in CenterPoint Energy, Inc. (NYSE:CNP – Get Rating) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,013,456 shares of the utilities provider’s stock after selling 29,144 shares during the quarter. National Pension Service owned 0.16% of CenterPoint Energy worth $29,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CENTRAL TRUST Co boosted its holdings in shares of CenterPoint Energy by 137.5% in the third quarter. CENTRAL TRUST Co now owns 950 shares of the utilities provider’s stock valued at $27,000 after buying an additional 550 shares during the period. M&T Bank Corp boosted its holdings in CenterPoint Energy by 2.7% during the third quarter. M&T Bank Corp now owns 25,255 shares of the utilities provider’s stock worth $712,000 after purchasing an additional 673 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in CenterPoint Energy by 19.0% during the third quarter. Glenmede Trust Co. NA now owns 78,135 shares of the utilities provider’s stock worth $2,201,000 after purchasing an additional 12,471 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in CenterPoint Energy by 4.9% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,559 shares of the utilities provider’s stock worth $636,000 after purchasing an additional 1,054 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its holdings in CenterPoint Energy by 5.5% during the third quarter. Kentucky Retirement Systems now owns 49,276 shares of the utilities provider’s stock worth $1,389,000 after purchasing an additional 2,559 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

CenterPoint Energy Price Performance

Shares of CNP opened at $29.33 on Friday. The firm has a market capitalization of $18.51 billion, a PE ratio of 18.30, a PEG ratio of 3.16 and a beta of 0.87. The company’s 50-day moving average is $29.36 and its 200-day moving average is $29.66. CenterPoint Energy, Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $33.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.75.

CenterPoint Energy (NYSE:CNP – Get Rating) last issued its quarterly earnings data on Friday, February 17th. The utilities provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.29 billion. CenterPoint Energy had a net margin of 11.21% and a return on equity of 9.88%. During the same period in the previous year, the company earned $0.36 earnings per share. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.49 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $32.00 in a report on Monday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $33.00 target price on shares of CenterPoint Energy in a report on Monday, March 6th. Morgan Stanley dropped their price target on shares of CenterPoint Energy from $31.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. StockNews.com initiated coverage on shares of CenterPoint Energy in a research report on Thursday. They set a “hold” rating on the stock. Finally, Wells Fargo & Company upped their price target on shares of CenterPoint Energy to $35.00 in a research report on Wednesday, December 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.78.

About CenterPoint Energy

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CenterPoint Energy, Inc is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: CenterPoint Energy, Houston Electric, and CERC. The CenterPoint Energy segment consists of electric transmission and distribution services in the Texas gulf coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region.