38,200 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,200 shares of the utilities provider’s stock, valued at approximately $1,091,000.

A number of other large investors have also recently made changes to their positions in CNP. SG Americas Securities LLC boosted its stake in shares of CenterPoint Energy by 51.6% during the 3rd quarter. SG Americas Securities LLC now owns 75,806 shares of the utilities provider’s stock worth $2,035,000 after purchasing an additional 25,804 shares during the period. DAVENPORT & Co LLC boosted its position in CenterPoint Energy by 3.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 33,098 shares of the utilities provider’s stock valued at $889,000 after buying an additional 998 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its position in CenterPoint Energy by 14.0% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 49,424 shares of the utilities provider’s stock valued at $1,327,000 after buying an additional 6,052 shares during the period. Exchange Traded Concepts LLC purchased a new stake in CenterPoint Energy in the 3rd quarter valued at about $554,000. Finally, Czech National Bank boosted its position in CenterPoint Energy by 47.7% in the 3rd quarter. Czech National Bank now owns 110,319 shares of the utilities provider’s stock valued at $2,962,000 after buying an additional 35,618 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Down 0.2 %

NYSE CNP opened at $28.73 on Wednesday. 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 firm has a market cap of $18.19 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. The company has a 50 day moving average price of $27.96 and a 200 day moving average price of $27.98. CenterPoint Energy, Inc. has a 52 week low of $25.42 and a 52 week high of $31.43.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $2.18 billion during 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 quarter in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

CNP has been the subject of several research reports. Barclays boosted their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Thursday, March 14th. Guggenheim lowered 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. Mizuho reissued a “neutral” rating and issued a $29.00 price objective (down from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. KeyCorp boosted 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, Evercore ISI cut shares of 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 research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and a consensus target price of $30.18.

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.