Duff & Phelps Investment Management Co. maintained its stake in CenterPoint Energy Inc. (NYSE:CNP) during the second quarter, Holdings Channel reports. The institutional investor owned 3,071,300 shares of the company’s stock at the end of the second quarter. Duff & Phelps Investment Management Co.’s holdings in CenterPoint Energy were worth $73,711,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC boosted its stake 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 worth $123,000 after buying an additional 3,579 shares during the last quarter. Washington Trust Bank boosted its stake 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 worth $129,000 after buying an additional 3,080 shares during the last quarter. Invictus RG purchased a new stake in shares of CenterPoint Energy during the first quarter worth about $204,000. Conning Inc. boosted its stake in shares of CenterPoint Energy by 3.4% in the second quarter. Conning Inc. now owns 10,332 shares of the company’s stock worth $248,000 after buying an additional 340 shares during the last quarter. Finally, First Midwest Bank Trust Division purchased a new stake in shares of CenterPoint Energy during the second quarter worth about $336,000. Institutional investors own 77.02% of the company’s stock.
CenterPoint Energy Inc. (NYSE:CNP) traded up 0.36% during midday trading on Tuesday, hitting $22.51. The company had a trading volume of 1,384,855 shares. The company’s market cap is $9.69 billion. The company’s 50 day moving average is $22.91 and its 200-day moving average is $22.67. CenterPoint Energy Inc. has a one year low of $16.05 and a one year high of $24.71.
CenterPoint Energy (NYSE:CNP) last issued its earnings results on Friday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.03. CenterPoint Energy had a positive return on equity of 13.48% and a negative net margin of 10.72%. The firm earned $1.57 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts predict that CenterPoint Energy Inc. will post $1.15 EPS for the current year.
A number of analysts have recently issued reports on the company. RBC Capital Markets set a $26.00 target price on CenterPoint Energy and gave the stock a “buy” rating in a report on Monday, August 8th. Wells Fargo & Co. lowered CenterPoint Energy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 22nd. SunTrust Banks Inc. reissued a “hold” rating and set a $24.00 price target on shares of CenterPoint Energy in a research report on Tuesday, August 2nd. Argus reissued a “buy” rating and set a $28.00 price target (up from $26.00) on shares of CenterPoint Energy in a research report on Friday, July 1st. Finally, Deutsche Bank AG reduced their price target on CenterPoint Energy from $24.50 to $24.00 and set a “hold” rating on the stock in a research report on Monday, August 8th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.68.
CenterPoint Energy Company Profile
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.
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