Outlook Wealth Advisors LLC Makes New Investment in CenterPoint Energy, Inc. (NYSE:CNP)

Outlook Wealth Advisors LLC purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,127 shares of the utilities provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC raised 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 in the last quarter. CENTRAL TRUST Co raised its holdings in shares of CenterPoint Energy by 137.5% in the 3rd quarter. CENTRAL TRUST Co now owns 950 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 550 shares in the last quarter. Covestor Ltd raised its holdings in shares of CenterPoint Energy by 176.7% in the 1st quarter. Covestor Ltd now owns 891 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 569 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of CenterPoint Energy by 117.5% in the 3rd quarter. Janiczek Wealth Management LLC now owns 1,181 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 638 shares in the last quarter. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter worth approximately $32,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Stock Performance

CNP stock opened at $27.46 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 2.42 and a beta of 0.92. CenterPoint Energy, Inc. has a 12 month low of $25.42 and a 12 month high of $31.43. The firm has a 50 day moving average of $27.89 and a two-hundred day moving average of $27.91.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

CNP has been the topic of a number of research reports. Mizuho reiterated a “neutral” rating and issued a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a report on Wednesday, February 21st. Evercore ISI downgraded shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $29.00 to $30.00 in a report on Tuesday, January 23rd. Guggenheim cut their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Barclays boosted their price target on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 14th. Finally, KeyCorp boosted their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.30.

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.