Churchill Management Corp buys $16,139,407 stake in CenterPoint Energy (CNP)

CenterPoint Energy (CNP) : Churchill Management Corp scooped up 74,585 additional shares in CenterPoint Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 675,289 shares of CenterPoint Energy which is valued at $16,139,407.CenterPoint Energy makes up approximately 1.04% of Churchill Management Corp’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in CNP in the latest quarter, The investment management firm added 27,656 additional shares and now holds a total of 231,900 shares of CenterPoint Energy which is valued at $5,542,410. CenterPoint Energy makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.Next Financial Group Inc reduced its stake in CNP by selling 1,013 shares or 52.57% in the most recent quarter. The Hedge Fund company now holds 914 shares of CNP which is valued at $21,845. CenterPoint Energy makes up approx 0.01% of Next Financial Group Inc’s portfolio.Curian Capital reduced its stake in CNP by selling 18,422 shares or 63.64% in the most recent quarter. The Hedge Fund company now holds 10,523 shares of CNP which is valued at $251,500. CenterPoint Energy makes up approx 0.02% of Curian Capital’s portfolio.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. Iowa State Bank added CNP to its portfolio by purchasing 750 company shares during the most recent quarter which is valued at $17,925. CenterPoint Energy makes up approx 0.01% of Iowa State Bank’s portfolio.

CenterPoint Energy opened for trading at $23.86 and hit $23.96 on the upside on Wednesday, eventually ending the session at $23.94, with a gain of 1.01% or 0.24 points. The heightened volatility saw the trading volume jump to 65,18,281 shares. Company has a market cap of $10,309 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 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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