Hanlon Investment Management buys $10.4 Million stake in CenterPoint Energy (CNP)

CenterPoint Energy (CNP) : Hanlon Investment Management scooped up 53,223 additional shares in CenterPoint Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 474,809 shares of CenterPoint Energy which is valued at $10.4 Million.CenterPoint Energy makes up approximately 0.94% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in CNP in the latest quarter, The investment management firm added 68,778 additional shares and now holds a total of 158,397 shares of CenterPoint Energy which is valued at $3.5 Million. CenterPoint Energy makes up approx 0.02% of Credit Agricole S A’s portfolio.Ibm Retirement Fund reduced its stake in CNP by selling 53,615 shares or 51.55% in the most recent quarter. The Hedge Fund company now holds 50,393 shares of CNP which is valued at $1.1 Million. CenterPoint Energy makes up approx 0.04% of Ibm Retirement Fund’s portfolio. Cls Investments sold out all of its stake in CNP during the most recent quarter. The investment firm sold 48 shares of CNP which is valued $1,056.Municipal Employees’ Retirement System Of Michigan boosted its stake in CNP in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 13,130 shares of CenterPoint Energy which is valued at $284,002. CenterPoint Energy makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Ohio National Investments added CNP to its portfolio by purchasing 9,700 company shares during the most recent quarter which is valued at $208,065. CenterPoint Energy makes up approx 0.04% of Ohio National Investments’s portfolio.

CenterPoint Energy opened for trading at $21.97 and hit $22.07 on the upside on Friday, eventually ending the session at $22.07, with a gain of 0.82% or 0.18 points. The heightened volatility saw the trading volume jump to 25,93,116 shares. Company has a market cap of $9,504 M.

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 Upgraded by Goldman to ” Neutral” on May 9, 2016. 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.

Leave a Reply

CenterPoint Energy - Is it time to Sell?

Top Brokerage Firms are advising their investors on CenterPoint Energy. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.