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CenterPoint Energy, Inc. (NYSE:CNP) shares sold by Mackenzie Financial Corp


Mackenzie Financial Corp has sold its interest in CenterPoint Energy, Inc. (NYSE:CNP – Free Report) fell 3.1% in the fourth quarter, Holdings Channel reports. The company owned 228,628 shares of the utility’s stock after selling 7,389 shares during the period. Mackenzie Financial Corp’s holdings in CenterPoint Energy were worth $6,532,000 at the end of the most recent reporting period.

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

CenterPoint energy stock performance

CNP stock opened at $28.53 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.82. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 20.98, a price-to-earnings ratio of 2.46, 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 50-day moving average of $27.91 and a two-hundred-day moving average of $27.95.

CenterPoint Energy (NYSE:CNP – Get Free Report) last posted its earnings results on Tuesday, February 20th. The utility reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate 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 last year, the company posted earnings per share of $0.28. As a group, equity analysts expect CenterPoint Energy, Inc. will post a profit per share of 1.62 for the current financial year.

Wall Street analysts predict growth

A number of research firms have recently released reports on CNP. 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 report on Thursday, January 4. 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 report on Thursday, March 14. Guggenheim lowered their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21. Mizuho reiterated a “neutral” rating and issued a $29.00 price objective (down from $30.00 previously) on shares of CenterPoint Energy in a research note on Wednesday, February 21. Finally, Evercore ISI downgraded shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $29.00 to $30.00 in a research note on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of ‘Hold’ and an average price target of $30.30.

Read our latest analysis on CenterPoint Energy

CenterPoint Energy Company Profile

(Free report)

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments: electricity and natural gas. The Electric segment includes electric transmission and distribution services to electric customers and electricity generation assets, and optimizes assets in the wholesale energy market.

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Would you like to see which other hedge funds own CNP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for CenterPoint Energy, Inc. (NYSE:CNP – Free Report).

Quarterly Institutional Ownership for CenterPoint Energy (NYSE:CNP)



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