Mutual of America Capital Management LLC Decreases Stake in CenterPoint Energy, Inc. (NYSE:CNP)

Mutual of America Capital Management LLC lowered its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,456 shares of the utilities provider’s stock after selling 3,857 shares during the period. Mutual of America Capital Management LLC’s holdings in CenterPoint Energy were worth $2,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. increased its stake in shares of CenterPoint Energy by 302.6% in the fourth quarter. Pacer Advisors Inc. now owns 159,772 shares of the utilities provider’s stock worth $4,565,000 after acquiring an additional 120,085 shares during the period. Raymond James & Associates increased its stake in shares of CenterPoint Energy by 27.0% in the fourth quarter. Raymond James & Associates now owns 1,209,630 shares of the utilities provider’s stock worth $34,559,000 after acquiring an additional 256,820 shares during the period. UBS Group AG increased its stake in shares of CenterPoint Energy by 37.5% in the third quarter. UBS Group AG now owns 1,540,465 shares of the utilities provider’s stock worth $41,361,000 after acquiring an additional 420,010 shares during the period. Beach Investment Counsel Inc. PA increased its stake in shares of CenterPoint Energy by 32.5% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 416,957 shares of the utilities provider’s stock worth $11,912,000 after acquiring an additional 102,271 shares during the period. Finally, Dark Forest Capital Management LP increased its stake in shares of CenterPoint Energy by 202.0% in the third quarter. Dark Forest Capital Management LP now owns 27,903 shares of the utilities provider’s stock worth $749,000 after acquiring an additional 18,664 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore ISI lowered shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $29.00 to $30.00 in a research note on Tuesday, January 23rd. Mizuho reiterated a “neutral” rating and issued a $29.00 price objective (down previously from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Barclays raised their price target on shares of CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Thursday, March 14th. KeyCorp raised their price target on shares of CenterPoint Energy from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Finally, Guggenheim dropped their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.30.

CenterPoint Energy Stock Up 2.1 %

Shares of NYSE CNP opened at $28.53 on Friday. The company’s 50-day simple moving average is $27.91 and its 200-day simple moving average is $27.94. CenterPoint Energy, Inc. has a 52-week low of $25.42 and a 52-week high of $31.43. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.92. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share (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 business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the business earned $0.28 earnings per share. Equities analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current fiscal year.

About CenterPoint Energy

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.