21,047 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Bought by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNPFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,047 shares of the utilities provider’s stock, valued at approximately $601,000.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its stake in CenterPoint Energy by 302.6% during the fourth quarter. Pacer Advisors Inc. now owns 159,772 shares of the utilities provider’s stock worth $4,565,000 after buying an additional 120,085 shares during the last quarter. Raymond James & Associates increased its stake in CenterPoint Energy by 27.0% in the fourth quarter. Raymond James & Associates now owns 1,209,630 shares of the utilities provider’s stock valued at $34,559,000 after purchasing an additional 256,820 shares in the last quarter. UBS Group AG increased its stake in CenterPoint Energy by 37.5% in the third quarter. UBS Group AG now owns 1,540,465 shares of the utilities provider’s stock valued at $41,361,000 after purchasing an additional 420,010 shares in the last quarter. Beach Investment Counsel Inc. PA increased its stake in CenterPoint Energy by 32.5% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 416,957 shares of the utilities provider’s stock valued at $11,912,000 after purchasing an additional 102,271 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its stake in CenterPoint Energy by 202.0% in the third quarter. Dark Forest Capital Management LP now owns 27,903 shares of the utilities provider’s stock valued at $749,000 after purchasing an additional 18,664 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

CNP has been the subject of several research analyst reports. TheStreet raised shares of CenterPoint Energy from a “c+” rating to a “b” rating in a research note on Tuesday, December 12th. Guggenheim decreased their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. KeyCorp lifted their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Evercore ISI cut shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and lifted their price objective for the company from $29.00 to $30.00 in a report on Tuesday, January 23rd. Finally, Mizuho reiterated a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.73.

Get Our Latest Research Report on CenterPoint Energy

CenterPoint Energy Stock Down 1.0 %

CenterPoint Energy stock opened at $28.15 on Thursday. CenterPoint Energy, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $31.43. The stock has a market cap of $17.82 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92. The firm’s 50-day simple moving average is $27.89 and its 200 day simple moving average is $27.93. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.58 and a current ratio of 0.78.

CenterPoint Energy (NYSE:CNPGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, hitting 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 period in the previous year, the company earned $0.28 earnings per share. Research analysts predict that CenterPoint Energy, Inc. will post 1.63 EPS for the current fiscal year.

About CenterPoint Energy

(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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