Robeco Institutional Asset Management B.V. Sells 40,308 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Robeco Institutional Asset Management B.V. cut its stake in CenterPoint Energy, Inc. (NYSE:CNP – Get Rating) by 11.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 297,035 shares of the utilities provider’s stock after selling 40,308 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CenterPoint Energy were worth $8,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky bought a new position in shares of CenterPoint Energy in the third quarter valued at about $1,628,000. CENTRAL TRUST Co raised its position in shares of CenterPoint Energy by 137.5% in the third quarter. CENTRAL TRUST Co now owns 950 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 550 shares during the period. M&T Bank Corp raised its position in shares of CenterPoint Energy by 2.7% in the third quarter. M&T Bank Corp now owns 25,255 shares of the utilities provider’s stock valued at $712,000 after purchasing an additional 673 shares during the period. Glenmede Trust Co. NA increased its position in CenterPoint Energy by 19.0% during the third quarter. Glenmede Trust Co. NA now owns 78,135 shares of the utilities provider’s stock worth $2,201,000 after acquiring an additional 12,471 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in CenterPoint Energy by 4.9% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,559 shares of the utilities provider’s stock worth $636,000 after acquiring an additional 1,054 shares during the period. 90.28% of the stock is owned by institutional investors.

CenterPoint Energy Price Performance

CNP stock opened at $29.05 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.92 and a debt-to-equity ratio of 0.02. CenterPoint Energy, Inc. has a 12 month low of $25.03 and a 12 month high of $33.50. The firm has a market cap of $18.33 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.79 and a beta of 0.87. The company’s 50-day moving average price is $29.35 and its two-hundred day moving average price is $29.63.

CenterPoint Energy (NYSE:CNP – Get Rating) last released its earnings results on Friday, February 17th. The utilities provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). CenterPoint Energy had a net margin of 11.21% and a return on equity of 9.88%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the business earned $0.36 earnings per share. On average, analysts anticipate that CenterPoint Energy, Inc. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CNP shares. Morgan Stanley lowered their price target on shares of CenterPoint Energy from $31.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. StockNews.com started coverage on shares of CenterPoint Energy in a research report on Thursday. They set a “hold” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $33.00 price target on shares of CenterPoint Energy in a research report on Monday, March 6th. Wells Fargo & Company raised their price target on shares of CenterPoint Energy to $35.00 in a research report on Wednesday, December 14th. Finally, Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $32.00 in a research report on Monday, January 23rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.78.

About CenterPoint Energy

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CenterPoint Energy, Inc is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: CenterPoint Energy, Houston Electric, and CERC. The CenterPoint Energy segment consists of electric transmission and distribution services in the Texas gulf coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region.