Reilly Financial Advisors LLC Sells 1,409 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Reilly Financial Advisors LLC lessened its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 35.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,600 shares of the utilities provider’s stock after selling 1,409 shares during the quarter. Reilly Financial Advisors LLC’s holdings in CenterPoint Energy were worth $78,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. NuWave Investment Management LLC boosted its position in shares of CenterPoint Energy by 666.9% in the third quarter. NuWave Investment Management LLC now owns 4,655 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 4,048 shares during the period. Nwam LLC bought a new position in shares of CenterPoint Energy in the third quarter valued at approximately $252,000. Pacer Advisors Inc. boosted its position in shares of CenterPoint Energy by 10.6% in the third quarter. Pacer Advisors Inc. now owns 52,382 shares of the utilities provider’s stock valued at $1,581,000 after acquiring an additional 5,014 shares during the period. Gradient Investments LLC boosted its position in shares of CenterPoint Energy by 0.7% in the third quarter. Gradient Investments LLC now owns 292,800 shares of the utilities provider’s stock valued at $8,837,000 after acquiring an additional 2,115 shares during the period. Finally, Viking Fund Management LLC boosted its position in shares of CenterPoint Energy by 38.8% in the third quarter. Viking Fund Management LLC now owns 290,000 shares of the utilities provider’s stock valued at $8,752,000 after acquiring an additional 81,000 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

CNP has been the subject of several research analyst reports. Stifel Nicolaus upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $32.00 in a research report on Friday, September 6th. Wells Fargo & Co dropped their target price on shares of CenterPoint Energy from $33.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. SunTrust Banks upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $32.00 in a research report on Friday, September 6th. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Monday. Finally, Barclays upgraded shares of CenterPoint Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $33.00 to $31.00 in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $31.79.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 7,000 shares of CenterPoint Energy stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $30.06, for a total transaction of $210,420.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 21,000 shares of company stock worth $608,510 over the last three months. Insiders own 0.24% of the company’s stock.

Shares of CenterPoint Energy stock opened at $28.62 on Thursday. CenterPoint Energy, Inc. has a 1 year low of $26.74 and a 1 year high of $31.42. The firm has a market cap of $14.01 billion, a PE ratio of 17.89, a PEG ratio of 3.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.11 and a quick ratio of 0.95. The company has a 50 day simple moving average of $29.05 and a two-hundred day simple moving average of $29.27.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. CenterPoint Energy had a net margin of 5.55% and a return on equity of 13.59%. CenterPoint Energy’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, research analysts anticipate that CenterPoint Energy, Inc. will post 1.66 earnings per share for the current year.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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Institutional Ownership by Quarter for CenterPoint Energy (NYSE:CNP)

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