OLD National Bancorp IN Acquires New Shares in CenterPoint Energy, Inc. (NYSE:CNP)

OLD National Bancorp IN acquired a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,772 shares of the utilities provider’s stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System grew its stake in shares of CenterPoint Energy by 175.3% during the third quarter. California Public Employees Retirement System now owns 3,618,686 shares of the utilities provider’s stock worth $97,162,000 after acquiring an additional 2,304,183 shares during the last quarter. Invesco Ltd. grew its stake in shares of CenterPoint Energy by 5.7% during the third quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider’s stock worth $221,242,000 after acquiring an additional 442,718 shares during the last quarter. UBS Group AG grew its stake in shares of CenterPoint Energy by 37.5% during the third quarter. UBS Group AG now owns 1,540,465 shares of the utilities provider’s stock worth $41,361,000 after acquiring an additional 420,010 shares during the last quarter. Tudor Investment Corp Et Al grew its stake in shares of CenterPoint Energy by 213.7% during the third quarter. Tudor Investment Corp Et Al now owns 556,730 shares of the utilities provider’s stock worth $14,948,000 after acquiring an additional 379,276 shares during the last quarter. Finally, ClearBridge Investments Ltd grew its stake in shares of CenterPoint Energy by 9.8% during the third quarter. ClearBridge Investments Ltd now owns 3,623,324 shares of the utilities provider’s stock worth $97,286,000 after acquiring an additional 324,078 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Trading Up 1.0 %

Shares of NYSE:CNP opened at $29.35 on Friday. CenterPoint Energy, Inc. has a 1 year low of $25.42 and a 1 year high of $31.43. The firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.92. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.78 and a quick ratio of 0.58. The business’s 50 day moving average price is $28.02 and its 200-day moving average price is $28.00.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. CenterPoint Energy had a return on equity of 10.44% and a net margin of 10.55%. During the same quarter last year, the firm posted $0.28 EPS. On average, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Mizuho restated a “neutral” rating and set a $29.00 price target (down previously from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Barclays upped their target price on CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Thursday, March 14th. Evercore ISI lowered CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their target price for the company from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Guggenheim dropped their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, Scotiabank dropped 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 research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.18.

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.