CenterPoint Energy, Inc. (CNP) Shares Bought by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC lifted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 239,644 shares of the utilities provider’s stock after buying an additional 8,406 shares during the quarter. Piedmont Investment Advisors LLC owned approximately 0.06% of CenterPoint Energy worth $6,561,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of CenterPoint Energy by 0.4% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 9,431 shares of the utilities provider’s stock valued at $258,000 after buying an additional 33 shares during the period. Carnegie Capital Asset Management LLC raised its holdings in shares of CenterPoint Energy by 0.3% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 12,513 shares of the utilities provider’s stock valued at $353,000 after buying an additional 39 shares during the period. Paradigm Asset Management Co. LLC raised its holdings in shares of CenterPoint Energy by 2.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc raised its holdings in shares of CenterPoint Energy by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 43,536 shares of the utilities provider’s stock valued at $1,192,000 after buying an additional 144 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of CenterPoint Energy by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the utilities provider’s stock valued at $731,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 76.87% of the company’s stock.

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Several research analysts recently commented on the company. BidaskClub raised CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co set a $30.00 target price on CenterPoint Energy and gave the stock a “hold” rating in a research note on Thursday. SunTrust Banks, Inc. reissued a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a research note on Monday, September 11th. Finally, Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. CenterPoint Energy has a consensus rating of “Hold” and an average price target of $28.13.

CenterPoint Energy, Inc. (NYSE:CNP) traded down 0.37% on Friday, hitting $29.61. The stock had a trading volume of 831,884 shares. CenterPoint Energy, Inc. has a one year low of $21.91 and a one year high of $30.45. The stock has a market cap of $12.76 billion, a P/E ratio of 21.15 and a beta of 0.62. The company’s 50-day moving average is $29.56 and its 200-day moving average is $28.47.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The company’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. On average, analysts anticipate that CenterPoint Energy, Inc. will post $1.33 earnings per share for the current fiscal year.

In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.08, for a total value of $29,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,000 shares of company stock valued at $86,920 over the last quarter. Insiders own 0.20% of the company’s stock.

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.

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

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