Cerity Partners LLC Raises Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Cerity Partners LLC lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 22.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,738 shares of the utilities provider’s stock after buying an additional 18,445 shares during the quarter. Cerity Partners LLC’s holdings in CenterPoint Energy were worth $2,878,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of CenterPoint Energy by 176.7% in the first quarter. Covestor Ltd now owns 891 shares of the utilities provider’s stock worth $27,000 after buying an additional 569 shares during the last quarter. Global Retirement Partners LLC raised its holdings in CenterPoint Energy by 163.7% in the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 555 shares during the period. CENTRAL TRUST Co raised its holdings in CenterPoint Energy by 137.5% in the 3rd quarter. CENTRAL TRUST Co now owns 950 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 550 shares during the period. Resurgent Financial Advisors LLC acquired a new position in CenterPoint Energy in the 4th quarter worth about $32,000. Finally, KB Financial Partners LLC acquired a new position in CenterPoint Energy in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE:CNP opened at $27.95 on Friday. CenterPoint Energy, Inc. has a one year low of $25.42 and a one year high of $31.43. 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 market cap of $17.69 billion, a PE ratio of 20.55, a P/E/G ratio of 2.40 and a beta of 0.92. The stock has a 50 day moving average price of $27.89 and a 200 day moving average price of $27.92.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. CenterPoint Energy had a return on equity of 10.44% and a net margin of 10.55%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the firm earned $0.28 earnings per share. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. 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. Evercore ISI cut CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their price target for the stock from $29.00 to $30.00 in a report on Tuesday, January 23rd. Mizuho reissued a “neutral” rating and set a $29.00 target price (down previously from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Barclays increased their target price on CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 14th. Finally, KeyCorp increased their target price on CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. 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. According to data from MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $30.30.

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.