Louisiana State Employees Retirement System boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,800 shares of the utilities provider’s stock after buying an additional 3,400 shares during the period. Louisiana State Employees Retirement System’s holdings in CenterPoint Energy were worth $796,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CNP. BlackRock Inc. lifted its stake in shares of CenterPoint Energy by 13.0% in the 2nd quarter. BlackRock Inc. now owns 45,260,445 shares of the utilities provider’s stock valued at $1,254,170,000 after purchasing an additional 5,189,512 shares in the last quarter. Millennium Management LLC lifted its stake in shares of CenterPoint Energy by 1,227.8% in the 2nd quarter. Millennium Management LLC now owns 3,452,630 shares of the utilities provider’s stock valued at $95,672,000 after purchasing an additional 3,192,603 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of CenterPoint Energy by 2,384.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,232,730 shares of the utilities provider’s stock valued at $34,159,000 after purchasing an additional 1,183,109 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of CenterPoint Energy by 27.9% in the 2nd quarter. Acadian Asset Management LLC now owns 4,640,194 shares of the utilities provider’s stock valued at $128,578,000 after purchasing an additional 1,012,520 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of CenterPoint Energy by 39.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,795,150 shares of the utilities provider’s stock valued at $77,453,000 after purchasing an additional 791,903 shares in the last quarter. 66.61% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on CNP. ValuEngine raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “sell” rating in a research note on Tuesday, October 9th. JPMorgan Chase & Co. lifted their price objective on CenterPoint Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, October 9th. Wells Fargo & Co raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Monday, October 8th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $30.00 price objective on shares of CenterPoint Energy in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. CenterPoint Energy presently has an average rating of “Hold” and a consensus target price of $29.25.

Shares of NYSE:CNP opened at $28.12 on Friday. The stock has a market cap of $13.91 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.95 and a beta of 0.44. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.66. CenterPoint Energy, Inc. has a one year low of $24.81 and a one year high of $30.17.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Friday, August 3rd. The utilities provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. CenterPoint Energy had a net margin of 15.43% and a return on equity of 10.73%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, equities analysts forecast that CenterPoint Energy, Inc. will post 1.6 earnings per share for the current year.

In related news, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $27.99, for a total transaction of $111,960.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Milton Carroll sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $28.27, for a total value of $282,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,000 shares of company stock worth $504,820. Company insiders own 0.22% of the company’s stock.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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