Nationwide Fund Advisors Has $3,315,000 Stake in CenterPoint Energy, Inc. (CNP)
Nationwide Fund Advisors held its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,056 shares of the utilities provider’s stock at the close of the second quarter. Nationwide Fund Advisors’ holdings in CenterPoint Energy were worth $3,315,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of CenterPoint Energy by 1,521.6% during the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock valued at $1,076,193,000 after acquiring an additional 36,627,665 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of CenterPoint Energy by 160.1% during the second quarter. Federated Investors Inc. PA now owns 84,599 shares of the utilities provider’s stock valued at $2,316,000 after acquiring an additional 52,078 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of CenterPoint Energy during the second quarter valued at $5,476,000. Aviva PLC raised its stake in shares of CenterPoint Energy by 0.4% during the second quarter. Aviva PLC now owns 265,720 shares of the utilities provider’s stock valued at $7,278,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of CenterPoint Energy by 2.8% during the second quarter. Swiss National Bank now owns 1,490,722 shares of the utilities provider’s stock valued at $40,816,000 after acquiring an additional 41,000 shares during the last quarter. 76.87% of the stock is owned by hedge funds and other institutional investors.
CenterPoint Energy, Inc. (CNP) opened at 29.12 on Wednesday. The stock’s 50 day moving average is $29.56 and its 200 day moving average is $28.46. CenterPoint Energy, Inc. has a 1-year low of $21.88 and a 1-year high of $30.45. The company has a market cap of $12.55 billion, a P/E ratio of 20.80 and a beta of 0.62.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.17 EPS. The firm’s revenue was up 36.1% compared to the same quarter last year. Equities analysts anticipate that CenterPoint Energy, Inc. will post $1.33 earnings per share for the current fiscal year.
Several research firms have recently issued reports on CNP. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a research note on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $29.00 price target on shares of CenterPoint Energy in a research note on Monday, September 11th. BidaskClub raised shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and raised their price target for the company from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. CenterPoint Energy presently has a consensus rating of “Hold” and a consensus target price of $28.00.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 3,000 shares of company stock valued at $86,920 over the last quarter. 0.20% of the stock is currently owned by company insiders.
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CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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