Mercer Capital Advisers Exits Position in CenterPoint Energy (CNP)

CenterPoint Energy (CNP) : Mercer Capital Advisers has sold out all of its stake in CenterPoint Energy during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 253 shares of CenterPoint Energy which is valued at $5,265.

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 , Advisory Services Network boosted its stake in CNP in the latest quarter, The investment management firm added 1,491 additional shares and now holds a total of 1,566 shares of CenterPoint Energy which is valued at $32,588. CenterPoint Energy makes up approx 0.01% of Advisory Services Network’s portfolio.Hartford Financial Management reduced its stake in CNP by selling 5,225 shares or 29.64% in the most recent quarter. The Hedge Fund company now holds 12,401 shares of CNP which is valued at $258,065. CenterPoint Energy makes up approx 0.16% of Hartford Financial Management’s portfolio.Murphy Capital Management Inc boosted its stake in CNP in the latest quarter, The investment management firm added 1,976 additional shares and now holds a total of 160,322 shares of CenterPoint Energy which is valued at $3,336,301. CenterPoint Energy makes up approx 0.51% of Murphy Capital Management Inc’s portfolio. Charter Trust Co added CNP to its portfolio by purchasing 18,641 company shares during the most recent quarter which is valued at $388,851. CenterPoint Energy makes up approx 0.05% of Charter Trust Co’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 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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