Valeo Financial Advisors LLC Takes $208,000 Position in CenterPoint Energy, Inc. (NYSE:CNP)

Valeo Financial Advisors LLC bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,272 shares of the utilities provider’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC raised its holdings 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 during the period. CENTRAL TRUST Co raised its holdings in shares of CenterPoint Energy by 137.5% in 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 period. Covestor Ltd raised its holdings in shares of CenterPoint Energy by 176.7% in the 1st quarter. Covestor Ltd now owns 891 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 569 shares during the period. Janiczek Wealth Management LLC raised its holdings in shares of CenterPoint Energy by 117.5% in the 3rd quarter. Janiczek Wealth Management LLC now owns 1,181 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 638 shares during the period. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter valued at about $32,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Performance

Shares of NYSE:CNP opened at $27.21 on Wednesday. The company’s 50 day moving average price is $27.88 and its two-hundred day moving average price is $27.92. CenterPoint Energy, Inc. has a 12-month low of $25.42 and a 12-month high of $31.43. The firm has a market cap of $17.22 billion, a PE ratio of 20.01, a PEG ratio of 2.42 and a beta of 0.92. 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 announced its earnings results 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 net margin of 10.55% and a return on equity of 10.44%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business posted $0.28 EPS. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CNP shares. Mizuho reaffirmed 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. 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 note 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 research note on Tuesday, January 23rd. Barclays upped their price target on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Thursday, March 14th. Finally, Guggenheim decreased their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.30.

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.