Toronto Dominion Bank Has $5.81 Million Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Toronto Dominion Bank trimmed its position in CenterPoint Energy, Inc. (NYSE:CNP) by 43.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 203,852 shares of the utilities provider’s stock after selling 158,014 shares during the period. Toronto Dominion Bank’s holdings in CenterPoint Energy were worth $5,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNP. Crewe Advisors LLC bought a new stake in shares of CenterPoint Energy during the 1st quarter worth $25,000. Global Retirement Partners LLC lifted its position in shares of CenterPoint Energy by 163.7% during the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after buying an additional 555 shares during the last quarter. FinTrust Capital Advisors LLC lifted its position in shares of CenterPoint Energy by 60.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $34,000 after buying an additional 452 shares during the last quarter. Tobam bought a new stake in shares of CenterPoint Energy during the 1st quarter worth $35,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth $43,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CNP shares. BMO Capital Markets lowered their target price on CenterPoint Energy from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday. Scotiabank lowered their target price on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Morgan Stanley cut CenterPoint Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $30.00 to $29.00 in a report on Wednesday, July 17th. StockNews.com cut CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Finally, KeyCorp lowered their target price on CenterPoint Energy from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.60.

CenterPoint Energy Trading Up 1.7 %

NYSE CNP traded up $0.48 during trading hours on Friday, hitting $29.36. 4,664,965 shares of the company’s stock were exchanged, compared to its average volume of 5,805,707. The stock has a 50-day simple moving average of $30.07 and a 200 day simple moving average of $28.88. CenterPoint Energy, Inc. has a 1-year low of $25.42 and a 1-year high of $31.57. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.54 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Tuesday, April 30th. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the firm posted $0.50 earnings per share. On average, equities analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Barry T. Smitherman sold 5,670 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $29.42, for a total transaction of $166,811.40. Following the completion of the sale, the director now owns 21,203 shares of the company’s stock, valued at $623,792.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

CenterPoint Energy Company 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.