CenterPoint Energy, Inc. (NYSE:CNP) Shares Sold by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. trimmed its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 46.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,262 shares of the utilities provider’s stock after selling 5,356 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in CenterPoint Energy were worth $199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CNP. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of CenterPoint Energy by 3.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 416 shares during the period. Farther Finance Advisors LLC raised its position in CenterPoint Energy by 3.2% during the 4th quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock worth $441,000 after buying an additional 432 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in shares of CenterPoint Energy by 5.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider’s stock valued at $309,000 after acquiring an additional 461 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of CenterPoint Energy by 53.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 482 shares during the period. Finally, M&T Bank Corp raised its holdings in CenterPoint Energy by 1.2% during the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock worth $1,178,000 after purchasing an additional 489 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Down 3.3 %

Shares of NYSE CNP opened at $36.14 on Friday. The firm’s 50-day moving average is $34.26 and its two-hundred day moving average is $32.01. The company has a market capitalization of $23.59 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $37.70. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. Equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. increased their price objective on CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research report on Thursday, December 12th. They set a “buy” rating and a $34.50 target price on the stock. Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Evercore ISI raised shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $36.00 to $37.00 in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.46.

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.