Renaissance Technologies LLC Has $50.38 Million Holdings in Houston Lighting & Power (CNP)

Renaissance Technologies LLC lowered its stake in Houston Lighting & Power (NYSE:CNP) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,776,600 shares of the utilities provider’s stock after selling 657,600 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of Houston Lighting & Power worth $50,384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Houston Lighting & Power by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,550,152 shares of the utilities provider’s stock worth $278,959,000 after acquiring an additional 611,608 shares during the period. APG Asset Management N.V. grew its holdings in shares of Houston Lighting & Power by 24.3% during 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 acquiring an additional 1,754,009 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Houston Lighting & Power 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Houston Lighting & Power 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 in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Houston Lighting & Power 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 in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

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CNP has been the topic of a number of analyst reports. Zacks Investment Research raised Houston Lighting & Power from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Houston Lighting & Power in a research report on Tuesday, December 26th. Guggenheim reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Houston Lighting & Power in a research report on Friday, February 23rd. Bank of America cut Houston Lighting & Power from a “neutral” rating to an “underperform” rating in a report on Thursday, March 22nd. Finally, Citigroup dropped their price objective on shares of Houston Lighting & Power from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Houston Lighting & Power currently has an average rating of “Hold” and a consensus price target of $28.67.

NYSE CNP traded down $0.40 during trading on Friday, hitting $26.89. The stock had a trading volume of 5,287,944 shares, compared to its average volume of 5,817,479. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.11 and a quick ratio of 0.98. The company has a market cap of $11,763.30, a P/E ratio of 19.63, a PEG ratio of 3.00 and a beta of 0.49. Houston Lighting & Power has a one year low of $25.84 and a one year high of $30.45.

Houston Lighting & Power (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.33 billion. Houston Lighting & Power 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 quarter last year, the firm earned $0.26 earnings per share. equities research analysts expect that Houston Lighting & Power will post 1.55 EPS for the current year.

In other news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $26.99, for a total transaction of $26,990.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $27.13, for a total transaction of $108,520.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,363 shares of company stock worth $1,342,894. Corporate insiders own 0.22% of the company’s stock.

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About Houston Lighting & Power

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

Institutional Ownership by Quarter for Houston Lighting & Power (NYSE:CNP)

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