Retirement Systems of Alabama boosted its position in shares of CenterPoint Energy Inc. (NYSE:CNP) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 219,535 shares of the company’s stock after buying an additional 1,415 shares during the period. Retirement Systems of Alabama’s holdings in CenterPoint Energy were worth $5,269,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of CenterPoint Energy by 4.3% in the first quarter. Geode Capital Management LLC now owns 3,596,886 shares of the company’s stock worth $75,102,000 after buying an additional 148,845 shares in the last quarter. PGGM Investments increased its stake in shares of CenterPoint Energy by 0.5% in the second quarter. PGGM Investments now owns 2,102,608 shares of the company’s stock worth $50,463,000 after buying an additional 10,567 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of CenterPoint Energy by 66.9% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 536,337 shares of the company’s stock worth $12,872,000 after buying an additional 215,042 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in CenterPoint Energy by 0.4% in the second quarter. WealthTrust Axiom LLC now owns 14,232 shares of the company’s stock worth $341,000 after buying an additional 59 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in CenterPoint Energy by 0.5% in the second quarter. Capstone Asset Management Co. now owns 60,577 shares of the company’s stock worth $1,454,000 after buying an additional 328 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.
CenterPoint Energy Inc. (NYSE:CNP) traded up 1.18% during trading on Thursday, hitting $22.34. 2,896,306 shares of the company traded hands. The stock has a 50-day moving average price of $22.93 and a 200-day moving average price of $22.63. CenterPoint Energy Inc. has a 12-month low of $16.05 and a 12-month high of $24.71. The firm’s market capitalization is $9.62 billion.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. The company earned $1.57 billion during the quarter, compared to analyst estimates of $1.62 billion. CenterPoint Energy had a positive return on equity of 13.48% and a negative net margin of 10.72%. CenterPoint Energy’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities analysts expect that CenterPoint Energy Inc. will post $1.15 EPS for the current fiscal year.
A number of research firms recently issued reports on CNP. SunTrust Banks Inc. reissued a “hold” rating and set a $24.00 target price on shares of CenterPoint Energy in a research note on Tuesday, August 2nd. RBC Capital Markets set a $26.00 target price on CenterPoint Energy and gave the stock a “buy” rating in a research note on Monday, August 8th. Credit Suisse Group AG set a $24.00 target price on CenterPoint Energy and gave the stock a “hold” rating in a research note on Monday, August 8th. TheStreet cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Tudor Pickering cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. CenterPoint Energy currently has an average rating of “Hold” and a consensus target price of $22.68.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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