WINTON GROUP Ltd Buys Shares of 93,725 CenterPoint Energy, Inc. (NYSE:CNP)

WINTON GROUP Ltd purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 93,725 shares of the utilities provider’s stock, valued at approximately $2,974,000.

Other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its position in CenterPoint Energy by 3.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 416 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of CenterPoint Energy by 3.2% during 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 in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of CenterPoint Energy by 5.0% during the 4th 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 during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of CenterPoint Energy by 53.0% during the 4th 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. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Price Performance

Shares of CNP opened at $35.67 on Friday. The business’s 50-day moving average is $33.77 and its two-hundred day moving average is $31.64. The company has a market capitalization of $23.28 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $36.19. 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 posted its earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. Research analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

CNP has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 price target for the company. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $30.00 to $35.00 in a report on Thursday, December 12th. Evercore ISI upgraded shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. Barclays boosted their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 27th. Finally, Morgan Stanley raised their price target on shares of CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.77.

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.