Korea Investment CORP Has $12.55 Million Position in CenterPoint Energy, Inc. (NYSE:CNP)

Korea Investment CORP lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 395,648 shares of the utilities provider’s stock after selling 41,400 shares during the quarter. Korea Investment CORP owned approximately 0.06% of CenterPoint Energy worth $12,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CNP. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of CenterPoint Energy by 4.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 571,897 shares of the utilities provider’s stock valued at $18,146,000 after purchasing an additional 25,039 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in CenterPoint Energy by 8.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,305 shares of the utilities provider’s stock valued at $327,000 after buying an additional 839 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of CenterPoint Energy by 5.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider’s stock worth $309,000 after buying an additional 461 shares during the last quarter. United Services Automobile Association boosted its stake in shares of CenterPoint Energy by 26.2% during the 4th quarter. United Services Automobile Association now owns 16,659 shares of the utilities provider’s stock worth $529,000 after acquiring an additional 3,457 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of CenterPoint Energy by 5.5% during the 4th quarter. LPL Financial LLC now owns 157,052 shares of the utilities provider’s stock valued at $4,983,000 after acquiring an additional 8,134 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Stock Performance

CNP opened at $36.26 on Monday. The stock has a market cap of $23.66 billion, a PE ratio of 22.80, a P/E/G ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $36.40. The stock’s 50 day simple moving average is $33.85 and its 200-day simple moving average is $31.76. 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 (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Sell-side analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Analyst Upgrades and Downgrades

CNP has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 target price on the stock. UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $31.00 to $37.00 in a report on Tuesday, December 3rd. Evercore ISI upgraded CenterPoint Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. Finally, BMO Capital Markets boosted their price objective on CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.77.

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.