Landscape Capital Management L.L.C. Sells 66,202 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Landscape Capital Management L.L.C. decreased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 75.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,011 shares of the utilities provider’s stock after selling 66,202 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in CenterPoint Energy were worth $667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CNP. Envestnet Portfolio Solutions Inc. increased its stake in shares of CenterPoint Energy by 3.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 416 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in CenterPoint Energy by 3.2% in the fourth quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 432 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in shares of CenterPoint Energy by 5.0% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 461 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $44,000 after purchasing an additional 482 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of CenterPoint Energy by 1.2% in the 3rd 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. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of CNP opened at $36.14 on Monday. The firm has a fifty day simple moving average of $34.26 and a two-hundred day simple moving average of $32.07. The firm has a market cap of $23.59 billion, a PE ratio of 22.73, a P/E/G ratio of 2.71 and a beta of 0.65. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $38.25.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The company 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, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on CenterPoint Energy from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley increased 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 report on Thursday, March 20th. Scotiabank raised shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and lifted their target price 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 report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.46.

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.