Cerity Partners LLC Sells 157,924 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Cerity Partners LLC cut its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 53.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,000 shares of the utilities provider's stock after selling 157,924 shares during the quarter. Cerity Partners LLC's holdings in CenterPoint Energy were worth $5,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Capital International Investors boosted its holdings in CenterPoint Energy by 0.4% in the 4th quarter. Capital International Investors now owns 87,449,927 shares of the utilities provider's stock worth $2,774,941,000 after buying an additional 334,631 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of CenterPoint Energy by 4.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 46,645,434 shares of the utilities provider's stock valued at $1,480,060,000 after purchasing an additional 1,922,169 shares during the period. Capital Research Global Investors lifted its holdings in CenterPoint Energy by 156.4% during the 4th quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider's stock worth $1,446,036,000 after purchasing an additional 27,799,744 shares in the last quarter. Geode Capital Management LLC boosted its stake in CenterPoint Energy by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,490,728 shares of the utilities provider's stock worth $490,205,000 after purchasing an additional 406,832 shares during the period. Finally, Northern Trust Corp grew its holdings in CenterPoint Energy by 7.9% during the 4th quarter. Northern Trust Corp now owns 5,880,015 shares of the utilities provider's stock valued at $186,573,000 after buying an additional 431,260 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNP. Morgan Stanley cut their price objective on shares of CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Argus raised shares of CenterPoint Energy to a "hold" rating in a report on Friday, April 4th. JPMorgan Chase & Co. upped their price target on shares of CenterPoint Energy from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday. Barclays raised CenterPoint Energy from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $30.00 to $37.00 in a research note on Tuesday, April 22nd. Finally, Evercore ISI upped their target price on CenterPoint Energy from $37.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $36.13.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $36.09 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.79 and a current ratio of 0.93. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $39.31. The company has a fifty day moving average of $36.61 and a 200-day moving average of $35.28. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.64 and a beta of 0.57.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). CenterPoint Energy had a net margin of 10.80% and a return on equity of 9.74%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the business posted $0.55 earnings per share. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

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.

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