Allworth Financial LP Purchases 1,678 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Allworth Financial LP lifted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 44.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,473 shares of the utilities provider’s stock after buying an additional 1,678 shares during the period. Allworth Financial LP’s holdings in CenterPoint Energy were worth $156,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd raised its stake in shares of 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 acquiring an additional 569 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of CenterPoint Energy by 163.7% in the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 555 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of CenterPoint Energy by 137.5% during the 3rd quarter. CENTRAL TRUST Co now owns 950 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 550 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new position in CenterPoint Energy in the 4th quarter worth $32,000. Finally, KB Financial Partners LLC bought a new stake in CenterPoint Energy in the first quarter worth $34,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

CNP has been the topic of a number of recent research reports. Mizuho reaffirmed a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Barclays lifted their price target on CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Thursday, March 14th. KeyCorp raised their target price on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Evercore ISI lowered shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their price target for the company from $29.00 to $30.00 in a report on Tuesday, January 23rd. Finally, Guggenheim cut their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Two equities 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.73.

CenterPoint Energy Stock Up 0.8 %

Shares of NYSE:CNP opened at $27.58 on Friday. The firm has a market capitalization of $17.46 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.49 and a beta of 0.92. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.58 and a current ratio of 0.78. The stock has a 50 day moving average price of $27.90 and a 200-day moving average price of $27.91. CenterPoint Energy, Inc. has a 52-week low of $25.42 and a 52-week high of $31.43.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. CenterPoint Energy had a return on equity of 10.44% and a net margin of 10.55%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

About CenterPoint Energy

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.