NEOS Investment Management LLC Grows Stake in CenterPoint Energy, Inc. (NYSE:CNP)

NEOS Investment Management LLC increased its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 31.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,726 shares of the utilities provider’s stock after acquiring an additional 8,708 shares during the quarter. NEOS Investment Management LLC’s holdings in CenterPoint Energy were worth $1,165,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its holdings in CenterPoint Energy by 3.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 416 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of CenterPoint Energy by 3.2% in the 4th quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock valued at $441,000 after buying an additional 432 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its stake in CenterPoint Energy by 5.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 461 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in CenterPoint Energy by 53.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 482 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in CenterPoint Energy by 1.2% in the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock valued at $1,178,000 after acquiring an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of CNP opened at $36.26 on Friday. The stock has a market capitalization of $23.66 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.71 and a beta of 0.91. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $36.40. The company’s fifty day moving average is $33.85 and its two-hundred day moving average is $31.73.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. On average, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

CNP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Morgan Stanley boosted their price objective on CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a report on Thursday, December 12th. They issued a “buy” rating and a $34.50 price objective for the company. Finally, Barclays lifted their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.77.

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.