Capital International Inc. CA Purchases 10,213 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Capital International Inc. CA grew its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,717 shares of the utilities provider’s stock after acquiring an additional 10,213 shares during the quarter. Capital International Inc. CA’s holdings in CenterPoint Energy were worth $9,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of CNP. Crewe Advisors LLC bought a new stake in CenterPoint Energy during the first quarter worth $25,000. Global Retirement Partners LLC boosted its stake in CenterPoint Energy by 163.7% in the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 555 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of CenterPoint Energy by 60.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 452 shares during the period. Tobam bought a new position in CenterPoint Energy during the first quarter valued at $35,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other CenterPoint Energy news, Director Barry T. Smitherman sold 5,670 shares of CenterPoint Energy stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $29.42, for a total transaction of $166,811.40. Following the completion of the transaction, the director now owns 21,203 shares in the company, valued at $623,792.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

CenterPoint Energy Stock Up 1.7 %

Shares of CNP traded up $0.48 on Friday, reaching $29.36. The stock had a trading volume of 4,654,534 shares, compared to its average volume of 4,713,656. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 2.55 and a beta of 0.92. The company has a 50-day simple moving average of $30.07 and a 200-day simple moving average of $28.88. CenterPoint Energy, Inc. has a 12-month low of $25.42 and a 12-month high of $31.57. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.25.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same quarter last year, the firm posted $0.50 earnings per share. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CNP shares. Morgan Stanley downgraded shares of CenterPoint Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $30.00 to $29.00 in a research note on Wednesday, July 17th. KeyCorp lowered their price objective on CenterPoint Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. BMO Capital Markets cut their price objective on CenterPoint Energy from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Scotiabank reduced their price target on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.60.

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.