Cibc World Markets Corp Boosts Stock Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Cibc World Markets Corp boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,818 shares of the utilities provider’s stock after acquiring an additional 15,069 shares during the period. Cibc World Markets Corp’s holdings in CenterPoint Energy were worth $3,262,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. J.Safra Asset Management Corp purchased a new position in CenterPoint Energy during the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB purchased a new position in CenterPoint Energy during the third quarter valued at approximately $26,000. Assetmark Inc. grew its stake in CenterPoint Energy by 657.1% during the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 782 shares in the last quarter. First Horizon Advisors Inc. grew its stake in CenterPoint Energy by 51.3% during the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 375 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in CenterPoint Energy during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.2 %

Shares of CNP opened at $35.93 on Friday. The firm has a market cap of $23.45 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.71 and a beta of 0.91. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $35.99. The firm has a 50 day moving average price of $33.40 and a 200-day moving average price of $31.36.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. As a group, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analysts Set New Price Targets

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

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.