CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 981,113 shares of the utilities provider's stock after selling 228,952 shares during the quarter. Federated Hermes Inc. owned approximately 0.16% of CenterPoint Energy worth $28,030,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of CenterPoint Energy by 2.1% in the first quarter. Vanguard Group Inc. now owns 73,506,201 shares of the utilities provider's stock valued at $2,252,230,000 after acquiring an additional 1,502,900 shares in the last quarter. State Street Corp lifted its holdings in CenterPoint Energy by 10.0% in the 1st quarter. State Street Corp now owns 33,279,592 shares of the utilities provider's stock valued at $1,019,687,000 after purchasing an additional 3,035,409 shares in the last quarter. Geode Capital Management LLC lifted its holdings in CenterPoint Energy by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 12,971,112 shares of the utilities provider's stock valued at $381,258,000 after purchasing an additional 195,919 shares in the last quarter. Invesco Ltd. boosted its stake in shares of CenterPoint Energy by 5.7% during the 3rd quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider's stock worth $221,242,000 after purchasing an additional 442,718 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of CenterPoint Energy by 0.4% during the fourth quarter. Legal & General Group Plc now owns 7,709,912 shares of the utilities provider's stock worth $231,220,000 after buying an additional 28,834 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

CenterPoint Energy Trading Up 2.1 %

Shares of CenterPoint Energy stock traded up $0.58 during trading hours on Friday, reaching $28.53. The stock had a trading volume of 3,338,124 shares, compared to its average volume of 4,522,287. The firm has a market capitalization of $18.06 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.51 and a beta of 0.92. CenterPoint Energy, Inc. has a 1 year low of $25.42 and a 1 year high of $31.43. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.82. The firm has a 50 day simple moving average of $27.91 and a two-hundred day simple moving average of $27.96.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Guggenheim reduced their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. KeyCorp increased their price target on CenterPoint Energy from $29.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, January 4th. Barclays lifted their price objective on CenterPoint Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a research report on Thursday, March 14th. Mizuho reiterated a "neutral" rating and set a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Finally, Evercore ISI lowered CenterPoint Energy from an "outperform" rating to an "in-line" rating and raised their price target for the stock from $29.00 to $30.00 in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.30.

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.