Bleakley Financial Group LLC Has $536,000 Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Bleakley Financial Group LLC lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,771 shares of the utilities provider’s stock after purchasing an additional 2,271 shares during the period. Bleakley Financial Group LLC’s holdings in CenterPoint Energy were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Advisor Partners II LLC lifted its stake in shares of CenterPoint Energy by 1.2% in the 1st quarter. Advisor Partners II LLC now owns 29,370 shares of the utilities provider’s stock valued at $865,000 after purchasing an additional 357 shares during the last quarter. Moors & Cabot Inc. lifted its position in CenterPoint Energy by 0.7% during the 3rd quarter. Moors & Cabot Inc. now owns 52,633 shares of the utilities provider’s stock worth $1,413,000 after acquiring an additional 368 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in CenterPoint Energy by 3.9% during the 1st quarter. Wetherby Asset Management Inc. now owns 11,100 shares of the utilities provider’s stock worth $327,000 after acquiring an additional 412 shares during the last quarter. First Republic Investment Management Inc. lifted its position in CenterPoint Energy by 2.2% during the 1st quarter. First Republic Investment Management Inc. now owns 19,444 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 427 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in CenterPoint Energy by 4.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 10,505 shares of the utilities provider’s stock worth $282,000 after acquiring an additional 428 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

NYSE CNP opened at $27.46 on Friday. The stock has a market cap of $17.38 billion, a P/E ratio of 20.19, a PEG ratio of 2.43 and a beta of 0.92. The company’s 50-day simple moving average is $27.89 and its 200 day simple moving average is $27.90. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.43. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, meeting 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 net margin of 10.55% and a return on equity of 10.44%. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, research analysts forecast that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CNP has been the subject of a number of research analyst reports. Evercore ISI lowered shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Barclays boosted their target price on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Thursday, March 14th. Guggenheim cut their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. KeyCorp upped their price objective on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Finally, Mizuho reaffirmed a “neutral” rating and set a $29.00 price objective (down previously from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $30.73.

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.