Barrow Hanley Mewhinney & Strauss LLC Cuts Position in CenterPoint Energy, Inc. (NYSE:CNP)

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,472,107 shares of the utilities provider’s stock after selling 97,517 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.69% of CenterPoint Energy worth $141,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new stake in CenterPoint Energy in the fourth quarter worth $28,000. Wilmington Savings Fund Society FSB bought a new stake in shares of CenterPoint Energy in the 3rd quarter worth about $26,000. Assetmark Inc. raised its position in shares of CenterPoint Energy by 657.1% during the 4th quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock valued at $29,000 after buying an additional 782 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of CenterPoint Energy in the 4th quarter valued at about $32,000. Finally, BankPlus Trust Department purchased a new position in CenterPoint Energy in the fourth quarter worth about $40,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $30.00 to $35.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. BMO Capital Markets increased their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, March 17th. Morgan Stanley lifted their price target on shares of CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of CenterPoint Energy in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.50 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.77.

CenterPoint Energy Trading Up 1.6 %

Shares of NYSE CNP opened at $36.26 on Friday. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $36.40. The firm has a market cap of $23.66 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The business has a fifty day simple moving average of $33.85 and a two-hundred day simple moving average of $31.73. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91.

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