TD Private Client Wealth LLC Increases Position in CenterPoint Energy, Inc. (NYSE:CNP)

TD Private Client Wealth LLC boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,475 shares of the utilities provider’s stock after acquiring an additional 1,499 shares during the period. TD Private Client Wealth LLC’s holdings in CenterPoint Energy were worth $618,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of CenterPoint Energy by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,223,974 shares of the utilities provider’s stock valued at $38,837,000 after purchasing an additional 15,069 shares during the period. West Tower Group LLC purchased a new stake in CenterPoint Energy in the 4th quarter valued at about $428,000. VSM Wealth Advisory LLC acquired a new position in shares of CenterPoint Energy during the 4th quarter valued at about $32,000. Xponance Inc. lifted its holdings in shares of CenterPoint Energy by 3.0% during the 4th quarter. Xponance Inc. now owns 91,635 shares of the utilities provider’s stock worth $2,908,000 after acquiring an additional 2,672 shares during the period. Finally, Cibc World Markets Corp boosted its position in shares of CenterPoint Energy by 17.2% in the fourth quarter. Cibc World Markets Corp now owns 102,818 shares of the utilities provider’s stock worth $3,262,000 after acquiring an additional 15,069 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Down 0.5 %

CNP opened at $35.77 on Monday. The firm’s 50 day moving average is $33.49 and its 200-day moving average is $31.48. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $36.19. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $23.34 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.71 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. Analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CNP shares. Scotiabank raised shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Evercore ISI raised CenterPoint Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $36.00 to $37.00 in a research report on Tuesday, March 11th. BMO Capital Markets boosted their price target on CenterPoint Energy from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, March 17th. Barclays raised their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, January 27th. Finally, LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a “buy” rating and a $34.50 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.77.

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.