Raymond James Financial Services Advisors Inc. Has $1.21 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Raymond James Financial Services Advisors Inc. cut its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,296 shares of the utilities provider’s stock after selling 2,194 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in CenterPoint Energy were worth $1,208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of CenterPoint Energy by 2.1% in the first quarter. Vanguard Group Inc. now owns 73,506,201 shares of the utilities provider’s stock worth $2,252,230,000 after acquiring an additional 1,502,900 shares during the period. State Street Corp lifted its position in shares of CenterPoint Energy by 10.0% in the 1st quarter. State Street Corp now owns 33,279,592 shares of the utilities provider’s stock worth $1,019,687,000 after purchasing an additional 3,035,409 shares during the period. Geode Capital Management LLC boosted its stake in shares of CenterPoint Energy by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 12,971,112 shares of the utilities provider’s stock valued at $381,258,000 after purchasing an additional 195,919 shares during the last quarter. Invesco Ltd. increased its position in shares of CenterPoint Energy by 5.7% during the third quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider’s stock worth $221,242,000 after buying an additional 442,718 shares during the period. Finally, Legal & General Group Plc increased its position in shares of CenterPoint Energy by 0.4% during the fourth quarter. Legal & General Group Plc now owns 7,709,912 shares of the utilities provider’s stock worth $231,220,000 after buying an additional 28,834 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of 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 P/E/G ratio of 2.43 and a beta of 0.92. The business’s fifty day moving average is $27.89 and its 200 day moving average is $27.90. 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, Inc. has a 12-month low of $25.42 and a 12-month high of $31.43.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same period last year, the firm earned $0.28 earnings per share. Sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CNP shares. KeyCorp upped their price target 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. Evercore ISI lowered CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their target price for the company from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Mizuho reiterated a “neutral” rating and issued a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Guggenheim dropped their price target on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, Barclays raised their price objective 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.73.

CenterPoint Energy 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.