54,000 Shares in CenterPoint Energy Inc. (CNP) Acquired by Bp Plc
Bp Plc bought a new stake in CenterPoint Energy Inc. (NYSE:CNP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 54,000 shares of the company’s stock, valued at approximately $1,296,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of CNP. Advisory Services Network LLC increased its position in shares of CenterPoint Energy by 228.5% in the second quarter. Advisory Services Network LLC now owns 5,145 shares of the company’s stock valued at $123,000 after buying an additional 3,579 shares during the last quarter. Washington Trust Bank increased its position in shares of CenterPoint Energy by 133.7% in the second quarter. Washington Trust Bank now owns 5,384 shares of the company’s stock valued at $129,000 after buying an additional 3,080 shares during the last quarter. Invictus RG purchased a new position in shares of CenterPoint Energy during the first quarter valued at approximately $204,000. Conning Inc. increased its position in shares of CenterPoint Energy by 3.4% in the second quarter. Conning Inc. now owns 10,332 shares of the company’s stock valued at $248,000 after buying an additional 340 shares during the last quarter. Finally, First Midwest Bank Trust Division purchased a new position in shares of CenterPoint Energy during the second quarter valued at approximately $336,000. 77.02% of the stock is currently owned by institutional investors.
Shares of CenterPoint Energy Inc. (NYSE:CNP) traded up 0.36% during trading on Tuesday, reaching $22.51. 1,384,855 shares of the company were exchanged. The firm’s market capitalization is $9.69 billion. CenterPoint Energy Inc. has a 1-year low of $16.05 and a 1-year high of $24.71. The firm’s 50 day moving average is $22.90 and its 200 day moving average is $22.67.
CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Friday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. CenterPoint Energy had a negative net margin of 10.72% and a positive return on equity of 13.48%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that CenterPoint Energy Inc. will post $1.15 EPS for the current fiscal year.
Several brokerages recently commented on CNP. TheStreet downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. SunTrust Banks Inc. reaffirmed a “hold” rating and issued a $24.00 target price on shares of CenterPoint Energy in a research note on Tuesday, August 2nd. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. RBC Capital Markets set a $26.00 price target on shares of CenterPoint Energy and gave the company a “buy” rating in a report on Monday, August 8th. Finally, Credit Suisse Group AG set a $24.00 price target on shares of CenterPoint Energy and gave the company a “hold” rating in a report on Monday, August 8th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CenterPoint Energy presently has an average rating of “Hold” and an average 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.
Want to see what other hedge funds are holding CNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterPoint Energy Inc. (NYSE:CNP).
Receive News & Ratings for CenterPoint Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.