Mather Group LLC. Has $287,000 Position in CenterPoint Energy, Inc. (NYSE:CNP)

Mather Group LLC. lifted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 8.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,067 shares of the utilities provider’s stock after buying an additional 812 shares during the period. Mather Group LLC.’s holdings in CenterPoint Energy were worth $287,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in CenterPoint Energy by 2.3% in the first quarter. Fifth Third Bancorp now owns 15,773 shares of the utilities provider’s stock valued at $449,000 after purchasing an additional 357 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in CenterPoint Energy by 2.1% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,981 shares of the utilities provider’s stock worth $541,000 after acquiring an additional 388 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its stake in CenterPoint Energy by 1.0% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 40,811 shares of the utilities provider’s stock valued at $1,166,000 after acquiring an additional 406 shares during the last quarter. Pitcairn Co. lifted its stake in CenterPoint Energy by 2.3% in the first quarter. Pitcairn Co. now owns 19,544 shares of the utilities provider’s stock valued at $557,000 after acquiring an additional 434 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of CenterPoint Energy by 3.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 13,224 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 447 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE:CNP traded up $0.40 during trading hours on Wednesday, reaching $26.17. 2,395,226 shares of the company were exchanged, compared to its average volume of 4,972,922. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.20 and a quick ratio of 1.06. CenterPoint Energy, Inc. has a 1-year low of $25.42 and a 1-year high of $31.57. The company has a market capitalization of $16.80 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.48 and a beta of 0.92. The business has a 50 day moving average of $29.75 and a 200 day moving average of $28.84.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same quarter in the prior year, the business posted $0.28 earnings per share. Research analysts forecast that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

CNP has been the topic of a number of research analyst reports. KeyCorp downgraded shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut CenterPoint Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $29.00 in a research report on Friday, August 2nd. BMO Capital Markets lowered CenterPoint Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $31.00 to $28.00 in a report on Friday, August 2nd. Scotiabank decreased their price objective on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, StockNews.com raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.90.

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.