Nomura Asset Management Co. Ltd. Has $6.26 Million Stock Position in CenterPoint Energy, Inc. (NYSE:CNP)

Nomura Asset Management Co. Ltd. grew its position in CenterPoint Energy, Inc. (NYSE:CNP) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 197,407 shares of the utilities provider’s stock after acquiring an additional 1,529 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CenterPoint Energy were worth $6,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNP. Norges Bank acquired a new position in CenterPoint Energy in the fourth quarter worth approximately $158,232,000. American Century Companies Inc. grew its position in CenterPoint Energy by 1,431.1% in the fourth quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider’s stock worth $108,153,000 after acquiring an additional 3,185,932 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of CenterPoint Energy during the 4th quarter worth $97,348,000. Jacobs Levy Equity Management Inc. increased its stake in shares of CenterPoint Energy by 566.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider’s stock worth $51,330,000 after purchasing an additional 1,482,966 shares during the last quarter. Finally, Zimmer Partners LP raised its holdings in shares of CenterPoint Energy by 98.1% during the 3rd quarter. Zimmer Partners LP now owns 1,536,640 shares of the utilities provider’s stock valued at $45,208,000 after purchasing an additional 760,956 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Down 0.0 %

Shares of CNP opened at $36.25 on Tuesday. 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 company has a 50-day simple moving average of $33.92 and a 200-day simple moving average of $31.82. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $36.97. The firm has a market capitalization of $23.66 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.71 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 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 firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.46 billion. On average, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analyst Ratings Changes

CNP has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on shares of CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Barclays raised their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 27th. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.77.

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.