Morgan Stanley raised its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,084,194 shares of the utilities provider’s stock after buying an additional 392,768 shares during the quarter. Morgan Stanley owned about 0.38% of CenterPoint Energy worth $45,101,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CNP. Public Sector Pension Investment Board lifted its position in shares of CenterPoint Energy by 21.9% during the third quarter. Public Sector Pension Investment Board now owns 70,854 shares of the utilities provider’s stock valued at $1,371,000 after buying an additional 12,729 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of CenterPoint Energy during the third quarter valued at about $2,393,000. Pin Oak Investment Advisors Inc. raised its position in shares of CenterPoint Energy by 35.5% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 2,862 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 750 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of CenterPoint Energy by 8.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 608,766 shares of the utilities provider’s stock valued at $11,775,000 after purchasing an additional 49,594 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of CenterPoint Energy by 2.2% in the 3rd quarter. California State Teachers Retirement System now owns 886,818 shares of the utilities provider’s stock valued at $17,160,000 after purchasing an additional 18,906 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

In other CenterPoint Energy news, Director Leslie D. Biddle sold 35,000 shares of the firm’s stock in a transaction on Thursday, March 4th. The stock was sold at an average price of $19.94, for a total value of $697,900.00. Following the transaction, the director now owns 34,096 shares in the company, valued at approximately $679,874.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

CenterPoint Energy stock opened at $23.36 on Thursday. The company’s fifty day moving average price is $21.50 and its 200 day moving average price is $21.63. CenterPoint Energy, Inc. has a 1 year low of $15.18 and a 1 year high of $25.39. The stock has a market capitalization of $12.88 billion, a P/E ratio of -11.98, a P/E/G ratio of 3.02 and a beta of 0.95. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.59 and a current ratio of 0.73.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 25th. The utilities provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. CenterPoint Energy had a positive return on equity of 14.78% and a negative net margin of 9.49%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. Sell-side analysts predict that CenterPoint Energy, Inc. will post 1.31 EPS for the current year.

Several equities analysts recently commented on the stock. Credit Suisse Group decreased their price objective on shares of CenterPoint Energy from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, March 4th. The Goldman Sachs Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $27.00 in a research report on Thursday, January 14th. Wells Fargo & Company raised shares of CenterPoint Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $25.00 to $24.00 in a research report on Wednesday, January 6th. Evercore ISI lowered shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating in a research report on Friday, February 26th. Finally, Morgan Stanley raised their price target on shares of CenterPoint Energy from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.21.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric, Natural Gas, and Midstream Investments segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

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

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