Envestnet Portfolio Solutions Inc. Purchases 416 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Envestnet Portfolio Solutions Inc. increased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,907 shares of the utilities provider’s stock after buying an additional 416 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CenterPoint Energy were worth $378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in CenterPoint Energy in the third quarter valued at $26,000. Assetmark Inc. increased its stake in CenterPoint Energy by 657.1% in the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock valued at $29,000 after buying an additional 782 shares during the last quarter. BankPlus Trust Department bought a new stake in CenterPoint Energy during the 4th quarter worth about $40,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of CenterPoint Energy by 53.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after buying an additional 482 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $35.54 on Thursday. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.71 and a beta of 0.91. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $36.19. The stock’s 50 day moving average is $33.72 and its 200-day moving average is $31.62.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.50 target price on the stock. Morgan Stanley upped their price objective on CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI raised shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $36.00 to $37.00 in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, CenterPoint Energy presently has an average rating of “Hold” and a consensus price target of $33.77.

CenterPoint Energy 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.