Zurcher Kantonalbank Zurich Cantonalbank Sells 151,454 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 60.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,105 shares of the utilities provider’s stock after selling 151,454 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CenterPoint Energy were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CNP. Global Retirement Partners LLC increased its position in CenterPoint Energy by 163.7% in the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 555 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in CenterPoint Energy in the third quarter worth $36,000. Larson Financial Group LLC increased its position in CenterPoint Energy by 634.9% in the third quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,200 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in CenterPoint Energy in the fourth quarter worth $49,000. Finally, BluePath Capital Management LLC bought a new stake in CenterPoint Energy in the third quarter worth $80,000. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CNP shares. KeyCorp boosted their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Evercore ISI cut shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Mizuho reaffirmed a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Scotiabank dropped 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 research note on Monday. Finally, Barclays lifted their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, CenterPoint Energy has a consensus rating of “Hold” and an average price target of $30.18.

CenterPoint Energy Stock Up 0.9 %

Shares of CNP opened at $28.78 on Tuesday. The firm has a market capitalization of $18.22 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.51 and a beta of 0.92. CenterPoint Energy, Inc. has a 12-month low of $25.42 and a 12-month high of $31.43. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.82. The firm has a fifty day moving average price of $27.93 and a 200-day moving average price of $27.97.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same period in the previous year, the firm earned $0.28 earnings per share. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.62 earnings per share for the current 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.