Duality Advisers LP Sells 9,713 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Duality Advisers LP cut its position in CenterPoint Energy, Inc. (NYSE:CNP) by 30.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,402 shares of the utilities provider’s stock after selling 9,713 shares during the quarter. Duality Advisers LP’s holdings in CenterPoint Energy were worth $640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNP. SG Americas Securities LLC raised its position in shares of CenterPoint Energy by 51.6% in the 3rd quarter. SG Americas Securities LLC now owns 75,806 shares of the utilities provider’s stock valued at $2,035,000 after buying an additional 25,804 shares in the last quarter. DAVENPORT & Co LLC increased its position in CenterPoint Energy by 3.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 33,098 shares of the utilities provider’s stock worth $889,000 after purchasing an additional 998 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in CenterPoint Energy during the 3rd quarter worth approximately $554,000. Czech National Bank increased its position in CenterPoint Energy by 47.7% during the 3rd quarter. Czech National Bank now owns 110,319 shares of the utilities provider’s stock worth $2,962,000 after purchasing an additional 35,618 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in CenterPoint Energy by 7.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 256,167 shares of the utilities provider’s stock worth $6,878,000 after purchasing an additional 16,712 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Scotiabank lowered their price objective on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Monday. Guggenheim lowered their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Barclays upped their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Thursday, March 14th. Mizuho reissued a “neutral” rating and set a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Finally, KeyCorp boosted their target price on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, CenterPoint Energy presently has a consensus rating of “Hold” and a consensus target price of $30.18.

CenterPoint Energy Trading Up 1.2 %

NYSE:CNP opened at $29.07 on Thursday. The firm’s fifty day moving average is $27.99 and its 200-day moving average is $27.99. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.58 and a current ratio of 0.78. CenterPoint Energy, Inc. has a 52 week low of $25.42 and a 52 week high of $31.43. The firm has a market cap of $18.40 billion, a P/E ratio of 21.38, a P/E/G ratio of 2.53 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same period in the prior year, the firm earned $0.28 earnings per share. Equities analysts expect that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year.

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.