Maryland State Retirement & Pension System Has $18.17 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Maryland State Retirement & Pension System trimmed its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 572,646 shares of the utilities provider’s stock after selling 13,732 shares during the period. Maryland State Retirement & Pension System owned about 0.09% of CenterPoint Energy worth $18,170,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CNP. Geode Capital Management LLC raised its holdings in shares of CenterPoint Energy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider’s stock valued at $442,231,000 after purchasing an additional 370,790 shares during the period. Duff & Phelps Investment Management Co. increased its holdings in shares of CenterPoint Energy by 5.2% during the third quarter. Duff & Phelps Investment Management Co. now owns 5,009,756 shares of the utilities provider’s stock worth $147,387,000 after purchasing an additional 247,944 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of CenterPoint Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,116,586 shares of the utilities provider’s stock worth $130,619,000 after purchasing an additional 160,154 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CenterPoint Energy by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,177,364 shares of the utilities provider’s stock worth $93,478,000 after purchasing an additional 65,139 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of CenterPoint Energy during the fourth quarter worth approximately $97,348,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNP has been the topic of several analyst reports. Evercore ISI upgraded shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $36.00 to $37.00 in a research report on Tuesday, March 11th. BMO Capital Markets lifted their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Barclays lifted their target price 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. Finally, LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They set a “buy” rating and a $34.50 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.50.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $35.66 on Wednesday. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $35.88. The stock has a market capitalization of $23.27 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The company has a fifty day moving average of $33.21 and a 200-day moving average of $31.30. 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 (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 the consensus estimate of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current 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.