Xponance Inc. Cuts Position in CenterPoint Energy, Inc. (NYSE:CNP)

Xponance Inc. decreased its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,828 shares of the utilities provider’s stock after selling 3,228 shares during the quarter. Xponance Inc.’s holdings in CenterPoint Energy were worth $2,309,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in CenterPoint Energy by 302.6% in the fourth quarter. Pacer Advisors Inc. now owns 159,772 shares of the utilities provider’s stock worth $4,565,000 after acquiring an additional 120,085 shares in the last quarter. Raymond James & Associates increased its position in shares of CenterPoint Energy by 27.0% in the fourth quarter. Raymond James & Associates now owns 1,209,630 shares of the utilities provider’s stock valued at $34,559,000 after buying an additional 256,820 shares in the last quarter. UBS Group AG increased its position in shares of CenterPoint Energy by 37.5% in the third quarter. UBS Group AG now owns 1,540,465 shares of the utilities provider’s stock valued at $41,361,000 after buying an additional 420,010 shares in the last quarter. Beach Investment Counsel Inc. PA increased its position in shares of CenterPoint Energy by 32.5% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 416,957 shares of the utilities provider’s stock valued at $11,912,000 after buying an additional 102,271 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its position in shares of CenterPoint Energy by 202.0% in the third quarter. Dark Forest Capital Management LP now owns 27,903 shares of the utilities provider’s stock valued at $749,000 after buying an additional 18,664 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.9 %

Shares of NYSE:CNP opened at $28.78 on Tuesday. The stock’s 50-day moving average price is $27.93 and its two-hundred day moving average price is $27.97. The company has a current ratio of 0.78, a quick ratio of 0.58 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. The firm has a market cap of $18.22 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.51 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last issued its quarterly 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 return on equity of 10.44% and a net margin of 10.55%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.28 EPS. On average, research analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

CNP has been the subject of a number of research analyst reports. Evercore ISI cut CenterPoint Energy from an “outperform” rating to an “in-line” rating and raised their price target for the company from $29.00 to $30.00 in a research report on Tuesday, January 23rd. KeyCorp raised their price target on CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Mizuho restated a “neutral” rating and issued a $29.00 price target (down previously from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Guggenheim decreased their price objective 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 increased their price objective on CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Thursday, March 14th. Two 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. According to MarketBeat.com, CenterPoint Energy currently has an average rating of “Hold” and a consensus target price of $30.18.

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.