CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its position in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,985,059 shares of the utilities provider's stock after selling 567,443 shares during the quarter. Jennison Associates LLC owned 1.27% of CenterPoint Energy worth $228,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CNP. Global Retirement Partners LLC grew its position in shares of CenterPoint Energy by 163.7% during the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 555 shares in the last quarter. Janiczek Wealth Management LLC grew its position in shares of CenterPoint Energy by 117.5% during the third quarter. Janiczek Wealth Management LLC now owns 1,181 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 638 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of CenterPoint Energy during the third quarter valued at about $36,000. Larson Financial Group LLC grew its position in shares of CenterPoint Energy by 634.9% during the third quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new position in shares of CenterPoint Energy during the fourth quarter valued at about $49,000. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Trading Up 0.9 %

NYSE CNP traded up $0.25 during trading on Monday, hitting $28.78. The stock had a trading volume of 2,982,952 shares, compared to its average volume of 4,247,498. The stock has a 50 day simple moving average of $27.93 and a 200 day simple moving average of $27.97. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.58 and a current ratio of 0.78. CenterPoint Energy, Inc. has a one year low of $25.42 and a one year high of $31.43. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.51 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays raised 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. Evercore ISI lowered CenterPoint Energy from an "outperform" rating to an "in-line" rating and lifted their price target for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Guggenheim dropped their price target on CenterPoint Energy from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. Mizuho reiterated a "neutral" rating and issued a $29.00 price target (down previously from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Finally, Scotiabank dropped their price target on CenterPoint Energy from $31.00 to $29.00 and set a "sector perform" rating for the company in a research report on Monday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.18.

CenterPoint Energy Company 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.