CenterPoint Energy (CNP) : Crestpoint Capital Management added new position in CenterPoint Energy during the most recent quarter end. The investment management firm now holds 119,200 shares of CenterPoint Energy which is valued at $2,502,008 , the company said in a statement filed on Apr 15, 2016 with the SEC.CenterPoint Energy makes up approximately 1.35% of Crestpoint Capital Management’s portfolio.
CenterPoint Energy closed down -0.03 points or -0.15% at $20.55 with 45,41,874 shares getting traded on Wednesday. Post opening the session at $20.6, the shares hit an intraday low of $20.46 and an intraday high of $20.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Horizon Kinetics reduced its stake in CNP by selling 350 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 60,573 shares of CNP which is valued at $1,271,427. CenterPoint Energy makes up approx 0.03% of Horizon Kinetics’s portfolio.British Columbia Investment Management Corp boosted its stake in CNP in the latest quarter, The investment management firm added 8,105 additional shares and now holds a total of 204,244 shares of CenterPoint Energy which is valued at $4,260,530. CenterPoint Energy makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.
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 companys 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.