Greenleaf Trust Has $656,000 Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Greenleaf Trust cut its position in CenterPoint Energy, Inc. (NYSE:CNP) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,962 shares of the utilities provider’s stock after selling 438 shares during the quarter. Greenleaf Trust’s holdings in CenterPoint Energy were worth $656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC grew its stake in CenterPoint Energy by 163.7% in the 4th quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock valued at $26,000 after buying an additional 555 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in CenterPoint Energy during the third quarter valued at about $36,000. Larson Financial Group LLC grew its stake in shares of CenterPoint Energy by 634.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,200 shares during the period. Bay Harbor Wealth Management LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter valued at approximately $49,000. Finally, BluePath Capital Management LLC bought a new stake in shares of CenterPoint Energy in the 3rd quarter valued at approximately $80,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. KeyCorp upped their price objective on CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Barclays boosted their target price on CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Thursday, March 14th. Guggenheim reduced their target price on CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Evercore ISI downgraded CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $29.00 to $30.00 in a report on Tuesday, January 23rd. Finally, Scotiabank reduced their target price on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.18.

CenterPoint Energy Stock Performance

Shares of CenterPoint Energy stock opened at $28.78 on Tuesday. The firm has a fifty day moving average of $27.93 and a two-hundred day moving average of $27.97. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.51 and a beta of 0.92. CenterPoint Energy, Inc. has a 52 week low of $25.42 and a 52 week high of $31.43. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.58 and a current ratio of 0.78.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities research analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.