North Star Investment Management Corp. Maintains Position in CenterPoint Energy, Inc. (CNP)

North Star Investment Management Corp. maintained its stake in CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, Holdings Channel reports. The institutional investor owned 8,090 shares of the utilities provider’s stock at the end of the second quarter. North Star Investment Management Corp.’s holdings in CenterPoint Energy were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CNP. Contravisory Investment Management Inc. raised its stake in CenterPoint Energy by 756.5% in the first quarter. Contravisory Investment Management Inc. now owns 10,467 shares of the utilities provider’s stock worth $289,000 after buying an additional 9,245 shares during the period. CHURCHILL MANAGEMENT Corp raised its stake in CenterPoint Energy by 3.3% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 805,602 shares of the utilities provider’s stock worth $22,210,000 after buying an additional 25,789 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in CenterPoint Energy by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 377,979 shares of the utilities provider’s stock worth $10,421,000 after buying an additional 11,276 shares during the period. Macquarie Group Ltd. raised its stake in CenterPoint Energy by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 280,143 shares of the utilities provider’s stock worth $6,903,000 after buying an additional 3,400 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in CenterPoint Energy during the fourth quarter worth about $503,000. Institutional investors own 77.35% of the company’s stock.

CenterPoint Energy, Inc. (NYSE CNP) traded up 0.36% on Friday, reaching $28.15. The company had a trading volume of 2,173,833 shares. The stock has a market capitalization of $12.13 billion, a PE ratio of 26.06 and a beta of 0.63. CenterPoint Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $29.08. The stock has a 50 day moving average price of $28.00 and a 200 day moving average price of $27.35.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Friday, May 5th. The utilities provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.14 billion. CenterPoint Energy had a net margin of 5.68% and a return on equity of 15.20%. CenterPoint Energy’s revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Analysts expect that CenterPoint Energy, Inc. will post $1.31 EPS for the current year.

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A number of equities research analysts have recently issued reports on CNP shares. Zacks Investment Research upgraded CenterPoint Energy from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Friday, June 16th. J P Morgan Chase & Co started coverage on CenterPoint Energy in a research report on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target for the company. Deutsche Bank AG upped their price target on CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Finally, BidaskClub lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.33.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $27.66, for a total value of $27,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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