Cohen & Steers Inc. boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,053 shares of the utilities provider’s stock after acquiring an additional 3,589 shares during the period. Cohen & Steers Inc.’s holdings in CenterPoint Energy were worth $1,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Foresters Investment Management Company Inc. raised its holdings in shares of CenterPoint Energy by 54.3% during the fourth quarter. Foresters Investment Management Company Inc. now owns 603,400 shares of the utilities provider’s stock worth $17,034,000 after purchasing an additional 212,300 shares during the period. Nomura Holdings Inc. raised its holdings in shares of CenterPoint Energy by 198.1% during the fourth quarter. Nomura Holdings Inc. now owns 260,909 shares of the utilities provider’s stock worth $7,377,000 after purchasing an additional 173,376 shares during the period. BOKF NA raised its holdings in shares of CenterPoint Energy by 10.7% during the fourth quarter. BOKF NA now owns 78,256 shares of the utilities provider’s stock worth $2,209,000 after purchasing an additional 7,588 shares during the period. Geode Capital Management LLC grew its position in shares of CenterPoint Energy by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 7,131,126 shares of the utilities provider’s stock worth $200,993,000 after acquiring an additional 550,475 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of CenterPoint Energy by 1.9% during the fourth quarter. Captrust Financial Advisors now owns 102,301 shares of the utilities provider’s stock worth $2,888,000 after acquiring an additional 1,861 shares during the last quarter. 80.50% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on CNP shares. Credit Suisse Group set a $32.00 price target on shares of CenterPoint Energy and gave the stock a “buy” rating in a research report on Friday, March 1st. Royal Bank of Canada upgraded shares of CenterPoint Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $29.00 to $34.00 in a research report on Friday, January 18th. ValuEngine lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. UBS Group upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $34.00 in a research report on Thursday, December 13th. Finally, Wells Fargo & Co restated a “buy” rating on shares of CenterPoint Energy in a research report on Thursday, February 28th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.18.

CenterPoint Energy stock opened at $30.81 on Friday. The stock has a market cap of $15.44 billion, a PE ratio of 19.26, a PEG ratio of 3.47 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.13 and a quick ratio of 2.01. CenterPoint Energy, Inc. has a one year low of $24.81 and a one year high of $31.42.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. CenterPoint Energy had a net margin of 3.48% and a return on equity of 14.16%. During the same period last year, the firm posted $0.33 earnings per share. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.64 EPS for the current year.

In related news, insider Milton Carroll sold 40,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $30.02, for a total value of $1,200,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott M. Prochazka sold 4,000 shares of the stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $27.87, for a total transaction of $111,480.00. The disclosure for this sale can be found here. Insiders sold a total of 129,000 shares of company stock valued at $3,881,030 in the last quarter. 0.22% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2019/03/16/centerpoint-energy-inc-cnp-position-increased-by-cohen-steers-inc.html.

CenterPoint Energy Company Profile

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.

Read More: Sell-Side Analysts

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).

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

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.