Boussard & Gavaudan Investment Management LLP Makes New $1.47 Million Investment in CenterPoint Energy, Inc. (NYSE:CNP)

Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,192 shares of the utilities provider’s stock, valued at approximately $1,470,000.

Several other large investors have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in CenterPoint Energy by 3.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 416 shares during the last quarter. Farther Finance Advisors LLC boosted its position in CenterPoint Energy by 3.2% during the 4th quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 432 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in CenterPoint Energy by 5.0% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 461 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in CenterPoint Energy by 53.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 482 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of CenterPoint Energy by 1.2% during the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock worth $1,178,000 after purchasing an additional 489 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CNP shares. Barclays raised 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. BMO Capital Markets upped their target price on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. boosted their price objective on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a research note on Thursday, December 12th. They set a “buy” rating and a $34.50 target price for the company. Finally, UBS Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Two investment 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. Based on data from MarketBeat, CenterPoint Energy has an average rating of “Hold” and an average price target of $33.77.

CenterPoint Energy Stock Performance

Shares of CNP opened at $35.67 on Friday. The stock has a market capitalization of $23.28 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The business’s fifty day moving average price is $33.77 and its 200 day moving average price is $31.64. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $36.19.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. Equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS 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.