CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,700 shares of the utilities provider’s stock after selling 2,212 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CenterPoint Energy were worth $2,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNP. Private Advisor Group LLC acquired a new stake in shares of CenterPoint Energy in the first quarter valued at about $440,000. Raymond James Trust N.A. grew its stake in shares of CenterPoint Energy by 59.0% in the first quarter. Raymond James Trust N.A. now owns 14,757 shares of the utilities provider’s stock valued at $452,000 after buying an additional 5,475 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CenterPoint Energy by 28.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,585,045 shares of the utilities provider’s stock valued at $79,208,000 after buying an additional 572,884 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of CenterPoint Energy by 9.0% in the first quarter. Vontobel Holding Ltd. now owns 32,098 shares of the utilities provider’s stock valued at $988,000 after buying an additional 2,642 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of CenterPoint Energy by 59.3% in the first quarter. Sei Investments Co. now owns 738,270 shares of the utilities provider’s stock valued at $22,615,000 after buying an additional 274,696 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Down 0.4 %

NYSE:CNP opened at $27.46 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82. The business’s 50 day moving average is $27.89 and its two-hundred day moving average is $27.90. CenterPoint Energy, Inc. has a 52 week low of $25.42 and a 52 week high of $31.43. The company has a market cap of $17.38 billion, a PE ratio of 20.19, a P/E/G ratio of 2.41 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. CenterPoint Energy had a return on equity of 10.44% and a net margin of 10.55%. During the same period in the prior year, the firm earned $0.28 EPS. On average, analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

CNP has been the subject of a number of analyst reports. Guggenheim reduced their price target on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Barclays increased their price target on CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 14th. KeyCorp increased their price target on CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Mizuho reissued a “neutral” rating and issued a $29.00 price target (down previously from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Finally, Evercore ISI downgraded CenterPoint Energy from an “outperform” rating to an “in-line” rating and increased their price target for the company from $29.00 to $30.00 in a report on Tuesday, January 23rd. Two 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 stock. Based on data from MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $30.73.

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.