Strs Ohio Lowers stake in CenterPoint Energy (CNP)

CenterPoint Energy (CNP) : Strs Ohio reduced its stake in CenterPoint Energy by 7.39% during the most recent quarter end. The investment management company now holds a total of 60,250 shares of CenterPoint Energy which is valued at $1,253,803 after selling 4,807 shares in CenterPoint Energy , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.CenterPoint Energy makes up approximately 0.07% of Strs Ohio’s portfolio.

CenterPoint Energy opened for trading at $21.14 and hit $21.51 on the upside on Wednesday, eventually ending the session at $21.43, with a gain of 1.56% or 0.33 points. The heightened volatility saw the trading volume jump to 35,77,800 shares. Company has a market cap of $9,221 M.

Other Hedge Funds, Including , Valley National Advisers Inc added CNP to its portfolio by purchasing 4 company shares during the most recent quarter which is valued at $83.Dnb Asset Management As boosted its stake in CNP in the latest quarter, The investment management firm added 7,800 additional shares and now holds a total of 24,913 shares of CenterPoint Energy which is valued at $522,924. CenterPoint Energy makes up approx 0.01% of Dnb Asset Management As’s portfolio.Capstone Asset Management Co reduced its stake in CNP by selling 1,910 shares or 3.07% in the most recent quarter. The Hedge Fund company now holds 60,249 shares of CNP which is valued at $1,264,627. CenterPoint Energy makes up approx 0.04% of Capstone Asset Management Co’s portfolio.Proficio Capital Partners boosted its stake in CNP in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 43 shares of CenterPoint Energy which is valued at $897.

On the company’s financial health, CenterPoint Energy reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $0.24.Analysts expectations of $ 3016.29.During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on CenterPoint Energy. Company shares were Reiterated by Deutsche Bank on Feb 29, 2016 to “Hold”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .

CenterPoint Energy Inc. is a public utility holding company. The company’s segments include: Electric Transmission & Distribution Natural Gas Distribution Energy Services Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential commercial industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners LP and a 0.1% interest in Southeast Supply Header LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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