CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,475 shares of the utilities provider’s stock after purchasing an additional 1,499 shares during the period. TD Private Client Wealth LLC’s holdings in CenterPoint Energy were worth $618,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empowered Funds LLC raised its stake in CenterPoint Energy by 8.3% during the third quarter. Empowered Funds LLC now owns 10,585 shares of the utilities provider’s stock valued at $311,000 after buying an additional 809 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of CenterPoint Energy in the 3rd quarter valued at approximately $705,000. Commerce Bank raised its position in shares of CenterPoint Energy by 2.4% during the 3rd quarter. Commerce Bank now owns 76,377 shares of the utilities provider’s stock valued at $2,247,000 after acquiring an additional 1,760 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in CenterPoint Energy by 51.3% during the third quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 375 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in CenterPoint Energy in the third quarter worth $222,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNP. Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI upgraded CenterPoint Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $36.00 to $37.00 in a research note on Tuesday, March 11th. Barclays upped their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, January 27th. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $37.00 in a report on Tuesday, December 3rd. Finally, Scotiabank upgraded CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.77.

CenterPoint Energy Price Performance

Shares of CNP opened at $35.77 on Monday. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $36.19. The stock’s fifty day moving average is $33.49 and its 200-day moving average is $31.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. The firm has a market capitalization of $23.34 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91.

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