State Street Corp trimmed its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,455,092 shares of the utilities provider’s stock after selling 402,806 shares during the quarter. State Street Corp owned approximately 5.44% of CenterPoint Energy worth $642,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of CenterPoint Energy by 1,521.6% during the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock worth $1,076,193,000 after acquiring an additional 36,627,665 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of CenterPoint Energy by 160.1% during the second quarter. Federated Investors Inc. PA now owns 84,599 shares of the utilities provider’s stock worth $2,316,000 after acquiring an additional 52,078 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of CenterPoint Energy during the second quarter worth about $5,476,000. Aviva PLC raised its position in shares of CenterPoint Energy by 0.4% during the second quarter. Aviva PLC now owns 265,720 shares of the utilities provider’s stock worth $7,278,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of CenterPoint Energy by 2.8% during the second quarter. Swiss National Bank now owns 1,490,722 shares of the utilities provider’s stock worth $40,816,000 after acquiring an additional 41,000 shares during the last quarter. Institutional investors own 76.87% of the company’s stock.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $29.61, for a total transaction of $29,610.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $86,920 in the last quarter. Company insiders own 0.20% of the company’s stock.
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Shares of CenterPoint Energy, Inc. (NYSE CNP) opened at 29.33 on Wednesday. CenterPoint Energy, Inc. has a 52 week low of $21.88 and a 52 week high of $30.45. The firm has a market cap of $12.64 billion, a PE ratio of 20.95 and a beta of 0.62. The firm has a 50-day moving average price of $29.56 and a 200-day moving average price of $28.46.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 36.1% on a year-over-year basis. On average, equities research analysts predict that CenterPoint Energy, Inc. will post $1.33 earnings per share for the current year.
CNP has been the subject of a number of analyst reports. BidaskClub upgraded CenterPoint Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a research note on Monday, October 2nd. Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a research note on Monday, September 11th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. CenterPoint Energy has a consensus rating of “Hold” and a consensus target price of $28.00.
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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