Edgestream Partners L.P. Has $3.05 Million Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Edgestream Partners L.P. raised its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 47.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,198 shares of the utilities provider's stock after buying an additional 26,925 shares during the quarter. Edgestream Partners L.P.'s holdings in CenterPoint Energy were worth $3,050,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CNP. Brighton Jones LLC acquired a new position in shares of CenterPoint Energy during the fourth quarter worth approximately $254,000. Proficio Capital Partners LLC acquired a new position in shares of CenterPoint Energy during the fourth quarter worth approximately $2,381,000. HighTower Advisors LLC lifted its holdings in shares of CenterPoint Energy by 2.9% during the fourth quarter. HighTower Advisors LLC now owns 80,577 shares of the utilities provider's stock worth $2,557,000 after buying an additional 2,283 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter valued at approximately $223,000. Finally, Commonwealth Equity Services LLC increased its position in shares of CenterPoint Energy by 4.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 135,154 shares of the utilities provider's stock valued at $4,288,000 after purchasing an additional 6,322 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

CenterPoint Energy stock traded up $0.45 on Thursday, reaching $36.54. The company's stock had a trading volume of 3,399,354 shares, compared to its average volume of 5,531,148. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.79 and a current ratio of 0.93. The company has a market cap of $23.85 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.64 and a beta of 0.57. The business's fifty day moving average price is $36.61 and its 200 day moving average price is $35.28. CenterPoint Energy, Inc. has a twelve month low of $25.41 and a twelve month high of $39.31.

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

Wall Street Analysts Forecast Growth

CNP has been the topic of a number of research reports. Evercore ISI boosted their price objective on CenterPoint Energy from $37.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley lowered their price target on CenterPoint Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on CenterPoint Energy from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday. Scotiabank reiterated an "outperform" rating and issued a $40.00 price target (up from $35.00) on shares of CenterPoint Energy in a research report on Friday, April 25th. Finally, Jefferies Financial Group began coverage on CenterPoint Energy in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.13.

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.