Kempner Capital Management buys $387,180 stake in CenterPoint Energy (CNP)

CenterPoint Energy (CNP) : Kempner Capital Management scooped up 2,200 additional shares in CenterPoint Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 16,200 shares of CenterPoint Energy which is valued at $387,180.CenterPoint Energy makes up approximately 0.25% of Kempner Capital Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in CNP by selling 93,064 shares or 33.91% in the most recent quarter. The Hedge Fund company now holds 181,360 shares of CNP which is valued at $4,334,504. CenterPoint Energy makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

CenterPoint Energy closed down -0.09 points or -0.38% at $23.81 with 34,99,228 shares getting traded on Monday. Post opening the session at $23.82, the shares hit an intraday low of $23.66 and an intraday high of $23.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CenterPoint Energy reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.31. The company had revenue of $1984.00 million for the quarter, compared to analysts expectations of $2393.90 million. The company’s revenue was down -18.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on CenterPoint Energy. CenterPoint Energy was Downgraded by Tudor Pickering to ” Hold” on Jul 5, 2016. CenterPoint Energy was Downgraded by Wells Fargo to ” Market Perform” on Jun 22, 2016. CenterPoint Energy was Upgraded by Goldman to ” Neutral” on May 9, 2016.

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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