CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,962 shares of the utilities provider’s stock after selling 438 shares during the period. Greenleaf Trust’s holdings in CenterPoint Energy were worth $656,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position in CenterPoint Energy by 163.7% in the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 555 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in CenterPoint Energy in the third quarter valued at about $36,000. Larson Financial Group LLC increased its holdings in CenterPoint Energy by 634.9% in the third quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,200 shares in the last quarter. Bay Harbor Wealth Management LLC purchased a new position in CenterPoint Energy in the fourth quarter valued at about $49,000. Finally, BluePath Capital Management LLC purchased a new position in CenterPoint Energy in the third quarter valued at about $80,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

CNP has been the subject of a number of recent research reports. Mizuho reissued a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Scotiabank dropped their price objective on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday. Barclays raised their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Thursday, March 14th. KeyCorp raised their price objective on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, Guggenheim lowered their target price on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.18.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $28.78 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.51 and a beta of 0.92. The firm’s fifty day simple moving average is $27.93 and its 200 day simple moving average is $27.97. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.43.

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