Olistico Wealth LLC Purchases Shares of 1,058 CenterPoint Energy, Inc. (NYSE:CNP)

Olistico Wealth LLC bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,058 shares of the utilities provider’s stock, valued at approximately $33,000.

Other large investors also recently made changes to their positions in the company. Fulton Bank N.A. increased its holdings in shares of CenterPoint Energy by 25.3% during the 2nd quarter. Fulton Bank N.A. now owns 8,818 shares of the utilities provider’s stock worth $273,000 after acquiring an additional 1,780 shares during the last quarter. Mather Group LLC. increased its holdings in shares of CenterPoint Energy by 8.8% in the second quarter. Mather Group LLC. now owns 10,067 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 812 shares during the last quarter. DNB Asset Management AS raised its holdings in CenterPoint Energy by 9.3% in the 2nd quarter. DNB Asset Management AS now owns 146,862 shares of the utilities provider’s stock valued at $4,550,000 after acquiring an additional 12,529 shares during the period. First Hawaiian Bank acquired a new stake in CenterPoint Energy during the second quarter worth approximately $252,000. Finally, GAMMA Investing LLC boosted its holdings in shares of CenterPoint Energy by 68.7% during the second quarter. GAMMA Investing LLC now owns 13,087 shares of the utilities provider’s stock worth $405,000 after acquiring an additional 5,331 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

CNP has been the topic of a number of recent research reports. KeyCorp lowered CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 2nd. Morgan Stanley downgraded CenterPoint Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $30.00 to $29.00 in a report on Wednesday, July 17th. StockNews.com raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $32.00 to $29.00 in a research report on Friday, August 2nd. Finally, Scotiabank cut their price objective on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.90.

CenterPoint Energy Price Performance

Shares of CNP traded down $0.14 during midday trading on Wednesday, hitting $25.63. The company’s stock had a trading volume of 10,940,820 shares, compared to its average volume of 5,029,515. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 1.79. CenterPoint Energy, Inc. has a one year low of $25.42 and a one year high of $31.57. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92. The company’s fifty day simple moving average is $29.75 and its two-hundred day simple moving average is $28.84.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 30th. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. CenterPoint Energy had a return on equity of 10.81% and a net margin of 12.28%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, equities analysts expect that CenterPoint Energy, Inc. will post 1.62 earnings per share 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.