Claybrook Capital LLC Takes $31,000 Position in CenterPoint Energy, Inc. (CNP)

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Claybrook Capital LLC purchased a new position in CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,113 shares of the utilities provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Architects Inc acquired a new position in shares of CenterPoint Energy in the fourth quarter worth $28,000. PRW Wealth Management LLC acquired a new position in shares of CenterPoint Energy in the fourth quarter worth $29,000. Sound Income Strategies LLC increased its stake in shares of CenterPoint Energy by 793.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,126 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 1,000 shares during the last quarter. Whittier Trust Co. increased its stake in shares of CenterPoint Energy by 345.7% in the fourth quarter. Whittier Trust Co. now owns 1,337 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 1,037 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of CenterPoint Energy by 89.4% in the fourth quarter. Parallel Advisors LLC now owns 1,352 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 638 shares during the last quarter. 80.50% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Joseph John Vortherms sold 2,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $30.10, for a total value of $60,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Milton Carroll sold 40,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $30.02, for a total transaction of $1,200,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,000 shares of company stock valued at $3,881,030. 0.22% of the stock is owned by corporate insiders.

CNP stock opened at $30.81 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.13 and a quick ratio of 2.01. CenterPoint Energy, Inc. has a 52-week low of $24.81 and a 52-week high of $31.42. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 3.47 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. CenterPoint Energy had a net margin of 3.48% and a return on equity of 14.16%. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, equities analysts anticipate that CenterPoint Energy, Inc. will post 1.64 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on CNP shares. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $34.00 in a research note on Thursday, December 13th. Wells Fargo & Co reaffirmed a “buy” rating on shares of CenterPoint Energy in a research note on Monday, December 24th. Guggenheim raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada upgraded shares of CenterPoint Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $29.00 to $34.00 in a report on Friday, January 18th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.18.

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About CenterPoint Energy

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.

Read More: SEC Filing

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

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