Moody National Bank Trust Division Has $1.582 Million Position in CenterPoint Energy, Inc. (CNP)

Moody National Bank Trust Division raised its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 473.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,393 shares of the utilities provider’s stock after buying an additional 47,393 shares during the period. Moody National Bank Trust Division’s holdings in CenterPoint Energy were worth $1,582,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CNP. Chicago Equity Partners LLC increased its position in CenterPoint Energy by 274.7% in the third quarter. Chicago Equity Partners LLC now owns 77,695 shares of the utilities provider’s stock valued at $1,805,000 after buying an additional 56,960 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in CenterPoint Energy by 3.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 64,938 shares of the utilities provider’s stock valued at $1,509,000 after buying an additional 2,359 shares during the last quarter. Shell Asset Management Co. increased its position in CenterPoint Energy by 95.0% in the third quarter. Shell Asset Management Co. now owns 37,539 shares of the utilities provider’s stock valued at $872,000 after buying an additional 18,290 shares during the last quarter. Great West Life Assurance Co. Can increased its position in CenterPoint Energy by 8.1% in the third quarter. Great West Life Assurance Co. Can now owns 635,782 shares of the utilities provider’s stock valued at $14,767,000 after buying an additional 47,778 shares during the last quarter. Finally, Everett Harris & Co. CA increased its position in CenterPoint Energy by 0.4% in the third quarter. Everett Harris & Co. CA now owns 147,720 shares of the utilities provider’s stock valued at $3,432,000 after buying an additional 580 shares during the last quarter. 72.50% of the stock is owned by hedge funds and other institutional investors.

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

Shares of CenterPoint Energy, Inc. (NYSE:CNP) traded up 0.86% during trading on Friday, reaching $28.14. 1,902,270 shares of the company were exchanged. The stock has a 50-day moving average price of $27.79 and a 200-day moving average price of $25.25. CenterPoint Energy, Inc. has a one year low of $20.65 and a one year high of $28.46. The stock has a market capitalization of $12.12 billion, a PE ratio of 28.14 and a beta of 0.56.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, February 28th. The utilities provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.02. CenterPoint Energy had a negative net margin of 2.46% and a positive return on equity of 15.00%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts forecast that CenterPoint Energy, Inc. will post $1.30 EPS for the current year.

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Several equities analysts have recently issued reports on the stock. Royal Bank of Canada downgraded shares of CenterPoint Energy from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $17.00 to $28.00 in a research note on Thursday, March 16th. They noted that the move was a valuation call. Deutsche Bank AG raised their price target on shares of CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC raised their price target on shares of CenterPoint Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, March 20th. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Finally, TheStreet raised shares of CenterPoint Energy from a “c+” rating to a “b-” rating in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.44.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $27.45, for a total transaction of $27,450.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

About CenterPoint Energy

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.

5 Day Chart for NYSE:CNP

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