Oakbrook Investments LLC decreased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,426 shares of the utilities provider’s stock after selling 890 shares during the period. Oakbrook Investments LLC’s holdings in CenterPoint Energy were worth $477,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Van ECK Associates Corp raised its stake in CenterPoint Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock valued at $102,000 after buying an additional 564 shares in the last quarter. Johnson Financial Group Inc. raised its stake in CenterPoint Energy by 28.8% in the first quarter. Johnson Financial Group Inc. now owns 4,843 shares of the utilities provider’s stock valued at $134,000 after buying an additional 1,084 shares in the last quarter. Mirador Capital Partners LP acquired a new stake in CenterPoint Energy during the first quarter valued at about $200,000. Usca Ria LLC acquired a new stake in CenterPoint Energy during the first quarter valued at about $204,000. Finally, Private Advisory Group LLC acquired a new stake in CenterPoint Energy during the first quarter valued at about $205,000. 77.44% of the stock is owned by institutional investors.
Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at 28.08 on Thursday. CenterPoint Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $29.08. The firm’s 50-day moving average price is $27.93 and its 200 day moving average price is $27.44. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 26.00 and a beta of 0.63.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.14 billion. CenterPoint Energy had a return on equity of 15.20% and a net margin of 5.68%. CenterPoint Energy’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS. On average, equities research analysts forecast that CenterPoint Energy, Inc. will post $1.31 EPS for the current year.
Several research firms recently issued reports on CNP. BidaskClub lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co began coverage on CenterPoint Energy in a research note on Thursday, June 29th. They set a “neutral” rating and a $29.00 price objective for the company. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Deutsche Bank AG lifted their price objective on CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. CenterPoint Energy has a consensus rating of “Hold” and a consensus price target of $27.33.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $27.66, for a total transaction of $27,660.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
About CenterPoint Energy
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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