VSM Wealth Advisory LLC Buys Shares of 1,000 CenterPoint Energy, Inc. (NYSE:CNP)

VSM Wealth Advisory LLC bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,000 shares of the utilities provider’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNP. Raymond James Financial Inc. purchased a new position in CenterPoint Energy in the fourth quarter valued at about $97,348,000. Jacobs Levy Equity Management Inc. grew its stake in CenterPoint Energy by 566.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider’s stock valued at $51,330,000 after purchasing an additional 1,482,966 shares during the last quarter. Zimmer Partners LP grew its stake in CenterPoint Energy by 98.1% in the third quarter. Zimmer Partners LP now owns 1,536,640 shares of the utilities provider’s stock valued at $45,208,000 after purchasing an additional 760,956 shares during the last quarter. Geode Capital Management LLC grew its stake in CenterPoint Energy by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider’s stock valued at $442,231,000 after purchasing an additional 370,790 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of CenterPoint Energy by 135.0% during the third quarter. National Bank of Canada FI now owns 586,529 shares of the utilities provider’s stock worth $17,255,000 after acquiring an additional 336,984 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CNP stock opened at $35.93 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market capitalization of $23.45 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.71 and a beta of 0.91. The business’s 50-day moving average is $33.40 and its two-hundred day moving average is $31.36. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $35.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CNP. JPMorgan Chase & Co. boosted their price target on CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Scotiabank upgraded CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research note on Thursday, December 12th. They set a “buy” rating and a $34.50 price target on the stock. Evercore ISI upgraded CenterPoint Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. Finally, UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.77.

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.