Fox Run Management L.L.C. Makes New $1.30 Million Investment in CenterPoint Energy, Inc. (NYSE:CNP)

Fox Run Management L.L.C. purchased a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 40,970 shares of the utilities provider’s stock, valued at approximately $1,300,000.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in CenterPoint Energy by 3.5% in the fourth quarter. Sei Investments Co. now owns 363,849 shares of the utilities provider’s stock worth $11,545,000 after purchasing an additional 12,401 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of CenterPoint Energy by 1,431.1% during the 4th quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider’s stock valued at $108,153,000 after buying an additional 3,185,932 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of CenterPoint Energy by 8.3% in the 4th quarter. TD Private Client Wealth LLC now owns 19,475 shares of the utilities provider’s stock worth $618,000 after buying an additional 1,499 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of CenterPoint Energy by 1.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,223,974 shares of the utilities provider’s stock worth $38,837,000 after acquiring an additional 15,069 shares during the period. Finally, West Tower Group LLC bought a new stake in shares of CenterPoint Energy in the fourth quarter worth $428,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI raised CenterPoint Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $36.00 to $37.00 in a research report on Tuesday, March 11th. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. Barclays upped 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. JPMorgan Chase & Co. lifted their price target on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $33.77.

CenterPoint Energy Price Performance

NYSE:CNP opened at $35.77 on Friday. The business’s 50-day simple moving average is $33.49 and its two-hundred day simple moving average is $31.42. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $36.19. The stock has a market cap of $23.34 billion, a PE ratio of 22.49, a P/E/G ratio of 2.71 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91.

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

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.