CenterPoint Energy, Inc. (NYSE:CNP) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 2.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 714,710 shares of the utilities provider’s stock after purchasing an additional 19,561 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of CenterPoint Energy worth $25,894,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Curat Global LLC purchased a new position in CenterPoint Energy in the first quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of CenterPoint Energy during the 1st quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of CenterPoint Energy during the 4th quarter worth approximately $32,000. CoreCap Advisors LLC lifted its position in shares of CenterPoint Energy by 58.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider’s stock worth $34,000 after buying an additional 400 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of CenterPoint Energy by 201.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,034 shares of the utilities provider’s stock worth $37,000 after buying an additional 691 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 $36.04 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 1.86. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $39.31. The stock has a market cap of $23.52 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57. The firm’s fifty day simple moving average is $36.67 and its 200-day simple moving average is $35.27.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). CenterPoint Energy had a return on equity of 9.74% and a net margin of 10.80%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Evercore ISI raised their price objective on CenterPoint Energy from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley reduced their price target on shares of CenterPoint Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. Barclays upgraded shares of CenterPoint Energy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $30.00 to $37.00 in a research report on Tuesday, April 22nd. Finally, Scotiabank reiterated an “outperform” rating and issued a $40.00 price target (up previously from $35.00) on shares of CenterPoint Energy in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $36.13.

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.