46,192 Shares in CenterPoint Energy, Inc. (NYSE:CNP) Bought by Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Investment Management LLP acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,192 shares of the utilities provider’s stock, valued at approximately $1,470,000.

Several other hedge funds also recently made changes to their positions in CNP. Wilmington Savings Fund Society FSB purchased a new stake in shares of CenterPoint Energy in the 3rd quarter valued at about $26,000. J.Safra Asset Management Corp acquired a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $28,000. Assetmark Inc. grew its position in shares of CenterPoint Energy by 657.1% during the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 782 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of CenterPoint Energy during the fourth quarter worth approximately $32,000. Finally, BankPlus Trust Department purchased a new stake in CenterPoint Energy in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CNP. Morgan Stanley lifted their price objective on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Barclays upped their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 27th. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a report on Thursday, December 12th. They issued a “buy” rating and a $34.50 target price on the stock. Scotiabank raised CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $30.00 to $35.00 in a report on Thursday, December 12th. Finally, Guggenheim cut shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.77.

CenterPoint Energy Stock Up 0.4 %

CNP stock opened at $35.67 on Friday. The company’s 50-day moving average price is $33.77 and its 200 day moving average price is $31.64. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $36.19. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. The company has a market cap of $23.28 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.71 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business 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, research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal 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.