KCM Investment Advisors LLC Acquires 1,936 Shares of CenterPoint Energy, Inc. (CNP)

KCM Investment Advisors LLC lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,223 shares of the utilities provider’s stock after purchasing an additional 1,936 shares during the period. KCM Investment Advisors LLC’s holdings in CenterPoint Energy were worth $1,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of CenterPoint Energy by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,550,152 shares of the utilities provider’s stock worth $278,959,000 after purchasing an additional 611,608 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of CenterPoint Energy by 24.3% in the 4th quarter. APG Asset Management N.V. now owns 8,968,519 shares of the utilities provider’s stock worth $211,815,000 after purchasing an additional 1,754,009 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of CenterPoint Energy by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,583,166 shares of the utilities provider’s stock worth $250,198,000 after purchasing an additional 554,719 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CenterPoint Energy by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 5,188,640 shares of the utilities provider’s stock worth $146,888,000 after purchasing an additional 394,206 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of CenterPoint Energy by 3.1% in the 3rd quarter. Janus Henderson Group PLC now owns 4,693,486 shares of the utilities provider’s stock worth $137,096,000 after purchasing an additional 143,291 shares during the last quarter. 76.76% of the stock is currently owned by institutional investors.

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CenterPoint Energy, Inc. (CNP) opened at $26.73 on Friday. The firm has a market cap of $11,569.33, a P/E ratio of 6.47, a PEG ratio of 2.92 and a beta of 0.57. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 1.75. CenterPoint Energy, Inc. has a 1 year low of $25.84 and a 1 year high of $30.45.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.33 billion. CenterPoint Energy had a net margin of 18.64% and a return on equity of 15.51%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. research analysts predict that CenterPoint Energy, Inc. will post 1.55 EPS for the current year.

Several research firms have recently weighed in on CNP. Bank of America downgraded shares of CenterPoint Energy from a “neutral” rating to an “underperform” rating in a research report on Thursday. SunTrust Banks set a $27.00 target price on shares of CenterPoint Energy and gave the stock a “hold” rating in a research report on Monday. Guggenheim reissued a “hold” rating and issued a $28.00 target price on shares of CenterPoint Energy in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. CenterPoint Energy has an average rating of “Hold” and a consensus price target of $29.00.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $28.11, for a total transaction of $28,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Milton Carroll sold 43,363 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $27.20, for a total transaction of $1,179,473.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,363 shares of company stock valued at $1,262,484. 0.20% of the stock is currently owned by corporate insiders.

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CenterPoint Energy Company Profile

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.

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

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