OLD National Bancorp IN Makes New $336,000 Investment in CenterPoint Energy, Inc. (NYSE:CNP)

OLD National Bancorp IN purchased a new position in CenterPoint Energy, Inc. (NYSE:CNP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,772 shares of the utilities provider’s stock, valued at approximately $336,000.

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

CenterPoint Energy Stock Up 1.0 %

NYSE:CNP opened at $29.35 on Friday. The firm’s 50-day moving average price is $28.02 and its 200-day moving average price is $28.00. The company has a market capitalization of $18.58 billion, a PE ratio of 21.58, a P/E/G ratio of 2.56 and a beta of 0.92. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.78 and a quick ratio of 0.58. CenterPoint Energy, Inc. has a 1-year low of $25.42 and a 1-year high of $31.43.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

CenterPoint Energy Company 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.