Mn Services Vermogensbeheer B.V. boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 508.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,425 shares of the utilities provider’s stock after buying an additional 55,513 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in CenterPoint Energy were worth $1,819,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in CenterPoint Energy by 5.3% in the first quarter. Vanguard Group Inc. now owns 47,293,206 shares of the utilities provider’s stock worth $1,303,873,000 after buying an additional 2,359,375 shares during the last quarter. BlackRock Inc. boosted its position in CenterPoint Energy by 1,521.6% in the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock worth $1,076,193,000 after buying an additional 36,627,665 shares during the last quarter. State Street Corp boosted its position in CenterPoint Energy by 3.6% in the first quarter. State Street Corp now owns 23,857,898 shares of the utilities provider’s stock worth $657,763,000 after buying an additional 818,887 shares during the last quarter. Ameriprise Financial Inc. boosted its position in CenterPoint Energy by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 8,773,687 shares of the utilities provider’s stock worth $241,889,000 after buying an additional 374,264 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in CenterPoint Energy by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 6,415,948 shares of the utilities provider’s stock worth $176,889,000 after buying an additional 166,192 shares during the last quarter. 77.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of CenterPoint Energy, Inc. (CNP) opened at 28.15 on Friday. The company has a 50-day moving average of $28.00 and a 200 day moving average of $27.35. The firm has a market capitalization of $12.13 billion, a PE ratio of 26.06 and a beta of 0.63. CenterPoint Energy, Inc. has a 12-month low of $21.83 and a 12-month high of $29.08.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.14 billion. CenterPoint Energy had a net margin of 5.68% and a return on equity of 15.20%. CenterPoint Energy’s quarterly revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. On average, analysts predict that CenterPoint Energy, Inc. will post $1.31 EPS for the current year.
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A number of research analysts have recently commented on CNP shares. Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, June 5th. BidaskClub cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Deutsche Bank AG boosted their target price on shares of CenterPoint Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Finally, J P Morgan Chase & Co started coverage on shares of CenterPoint Energy in a research report on Thursday, June 29th. They set a “neutral” rating and a $29.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. CenterPoint Energy presently has an average rating of “Hold” and a consensus target price of $27.33.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $27.66, for a total value of $27,660.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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