Guggenheim Capital LLC decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,713,865 shares of the utilities provider’s stock after selling 64,947 shares during the period. Guggenheim Capital LLC owned about 0.40% of CenterPoint Energy worth $48,605,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC purchased a new stake in CenterPoint Energy during the 3rd quarter worth $120,000. NuWave Investment Management LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth $132,000. SeaCrest Wealth Management LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth $135,000. Welch Group LLC purchased a new stake in CenterPoint Energy during the 4th quarter worth $148,000. Finally, Buckingham Asset Management LLC acquired a new position in CenterPoint Energy during the 3rd quarter worth $201,000. 76.79% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.99, for a total value of $26,990.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Milton Carroll sold 43,363 shares of CenterPoint Energy stock in a transaction dated Wednesday, February 28th. The shares were 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. Insiders sold a total of 46,363 shares of company stock valued at $1,262,484 over the last ninety days. Company insiders own 0.20% of the company’s stock.
CenterPoint Energy, Inc. (CNP) opened at $27.15 on Friday. The firm has a market cap of $11,603.81, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.57. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. CenterPoint Energy, Inc. has a fifty-two week low of $25.84 and a fifty-two week high of $30.45.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. CenterPoint Energy had a net margin of 18.64% and a return on equity of 15.51%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. sell-side analysts predict that CenterPoint Energy, Inc. will post 1.55 earnings per share for the current year.
Several research analysts have weighed in on CNP shares. Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, January 16th. SunTrust Banks set a $27.00 price objective on shares of CenterPoint Energy and gave the stock a “hold” rating in a report on Monday, February 12th. Guggenheim reissued a “hold” rating and set a $28.00 price objective on shares of CenterPoint Energy in a report on Friday, February 23rd. Finally, Citigroup raised their price objective on shares of CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. CenterPoint Energy currently has an average rating of “Hold” and a consensus price target of $29.10.
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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.
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