Elo Mutual Pension Insurance Co Trims Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Elo Mutual Pension Insurance Co cut its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,534 shares of the utilities provider’s stock after selling 2,290 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CenterPoint Energy were worth $1,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC grew its holdings in CenterPoint Energy by 2.9% during the 4th quarter. HighTower Advisors LLC now owns 80,577 shares of the utilities provider’s stock worth $2,557,000 after acquiring an additional 2,283 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CenterPoint Energy by 3.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,484,528 shares of the utilities provider’s stock worth $47,104,000 after purchasing an additional 42,578 shares during the period. Custom Index Systems LLC purchased a new stake in shares of CenterPoint Energy in the 4th quarter worth approximately $265,000. Atria Investments Inc lifted its position in shares of CenterPoint Energy by 57.1% in the 4th quarter. Atria Investments Inc now owns 34,577 shares of the utilities provider’s stock worth $1,097,000 after purchasing an additional 12,563 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in CenterPoint Energy by 7.1% during the third quarter. Principal Financial Group Inc. now owns 847,366 shares of the utilities provider’s stock valued at $24,930,000 after buying an additional 56,037 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 1.6 %

NYSE CNP opened at $36.26 on Friday. The stock has a market cap of $23.66 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.71 and a beta of 0.91. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $36.40. The company has a fifty day simple moving average of $33.85 and a two-hundred day simple moving average of $31.73.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. On average, analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analysts Set New Price Targets

CNP has been the topic of several recent research reports. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Barclays raised their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley lifted their price objective on shares of CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, Scotiabank raised shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $30.00 to $35.00 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.77.

CenterPoint Energy Profile

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.