O Shaughnessy Asset Management LLC Has $918,000 Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

O Shaughnessy Asset Management LLC boosted its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 25.6% in the 4th quarter, HoldingsChannel reports. The firm owned 28,918 shares of the utilities provider’s stock after buying an additional 5,889 shares during the period. O Shaughnessy Asset Management LLC’s holdings in CenterPoint Energy were worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its holdings in shares of CenterPoint Energy by 171.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,418 shares of the utilities provider’s stock worth $248,000 after acquiring an additional 5,318 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in CenterPoint Energy in the 3rd quarter valued at $350,000. National Bank of Canada FI raised its position in CenterPoint Energy by 135.0% in the 3rd quarter. National Bank of Canada FI now owns 586,529 shares of the utilities provider’s stock valued at $17,255,000 after purchasing an additional 336,984 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of CenterPoint Energy during the third quarter worth $1,182,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of CenterPoint Energy by 8.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 195,878 shares of the utilities provider’s stock valued at $5,763,000 after buying an additional 15,211 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNP has been the topic of several research reports. Evercore ISI upgraded shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $36.00 to $37.00 in a research report on Tuesday, March 11th. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. Morgan Stanley raised their price target on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Barclays upped their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.46.

CenterPoint Energy Trading Down 1.4 %

NYSE CNP opened at $35.57 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 12 month low of $25.41 and a 12 month high of $37.70. The company has a market capitalization of $23.22 billion, a PE ratio of 22.37, a P/E/G ratio of 2.71 and a beta of 0.65. The stock has a 50-day simple moving average of $34.31 and a 200 day simple moving average of $32.12.

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

CenterPoint Energy Profile

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.