Engineers Gate Manager LP Boosted Its Centerpoint Energy INC (CNP) Stake by $5.70 Million

CenterPoint Energy, Inc. (NYSE:CNP) LogoInvestors sentiment decreased to 0.95 in 2019 Q2. Its down 0.18, from 1.13 in 2019Q1. It fall, as 39 investors sold CNP shares while 172 reduced holdings. 54 funds opened positions while 146 raised stakes. 371.08 million shares or 1.57% more from 365.34 million shares in 2019Q1 were reported. Conning Inc accumulated 8,295 shares or 0.01% of the stock. Fifth Third Bankshares has invested 0.04% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Price T Rowe Md has 0% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 937,589 shares. 18,850 were accumulated by Schnieders Cap Mngmt Lc. Blackrock reported 44.66 million shares. 201,600 are owned by James Investment Rech. Csat Investment Advisory Limited Partnership owns 53,350 shares or 0.54% of their US portfolio. Nuwave Investment Management Ltd Co holds 0.02% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 607 shares. Hanson & Doremus Inv Management stated it has 0.06% in CenterPoint Energy, Inc. (NYSE:CNP). Next Group has 0.01% invested in CenterPoint Energy, Inc. (NYSE:CNP). California Pub Employees Retirement Systems reported 2.87M shares stake. Hightower Limited Liability Corporation has 171,153 shares for 0.03% of their portfolio. Westpac holds 53,980 shares or 0% of its portfolio. 200 are owned by Winch Advisory Ser Limited Liability Com. Ing Groep Nv stated it has 0.01% in CenterPoint Energy, Inc. (NYSE:CNP).

Engineers Gate Manager Lp increased its stake in Centerpoint Energy Inc (CNP) by 453.77% based on its latest 2019Q2 regulatory filing with the SEC. Engineers Gate Manager Lp bought 203,748 shares as the company’s stock declined 5.75% . The institutional investor held 248,649 shares of the public utilities company at the end of 2019Q2, valued at $7.12 million, up from 44,901 at the end of the previous reported quarter. Engineers Gate Manager Lp who had been investing in Centerpoint Energy Inc for a number of months, seems to be bullish on the $15.02 billion market cap company. The stock increased 0.07% or $0.02 during the last trading session, reaching $29.9. About 2.60 million shares traded. CenterPoint Energy, Inc. (NYSE:CNP) has risen 3.50% since September 13, 2018 and is uptrending. It has outperformed by 3.50% the S&P500.

Engineers Gate Manager Lp, which manages about $645.79M and $1.81B US Long portfolio, decreased its stake in Dropbox Inc by 241,688 shares to 85,642 shares, valued at $2.15M in 2019Q2, according to the filing. It also reduced its holding in Ross Stores Inc (NASDAQ:ROST) by 141,484 shares in the quarter, leaving it with 10,042 shares, and cut its stake in Zscaler Inc.

More notable recent CenterPoint Energy, Inc. (NYSE:CNP) news were published by: Finance.Yahoo.com which released: “How Many CenterPoint Energy, Inc. (NYSE:CNP) Shares Have Insiders Sold, In The Last Year? – Yahoo Finance” on May 10, 2019, also Finance.Yahoo.com with their article: “These 4 Measures Indicate That CenterPoint Energy (NYSE:CNP) Is Using Debt In A Risky Way – Yahoo Finance” published on July 31, 2019, Finance.Yahoo.com published: “Why CenterPoint Energy, Inc.’s (NYSE:CNP) High P/E Ratio Isn’t Necessarily A Bad Thing – Yahoo Finance” on September 03, 2019. More interesting news about CenterPoint Energy, Inc. (NYSE:CNP) were released by: Finance.Yahoo.com and their article: “Why CenterPoint Energy, Inc.’s (NYSE:CNP) Return On Capital Employed Might Be A Concern – Yahoo Finance” published on August 18, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is CenterPoint Energy, Inc.’s (NYSE:CNP) 4.5% ROE Worse Than Average? – Yahoo Finance” with publication date: July 05, 2019.

CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage

Among 2 analysts covering Centerpoint Energy (NYSE:CNP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Centerpoint Energy has $34 highest and $3100 lowest target. $31.33’s average target is 4.78% above currents $29.9 stock price. Centerpoint Energy had 8 analyst reports since March 20, 2019 according to SRatingsIntel. As per Wednesday, March 20, the company rating was maintained by Barclays Capital. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Overweight” rating by Barclays Capital on Tuesday, August 13. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Buy” rating by SunTrust on Friday, September 6.

CenterPoint Energy, Inc. (NYSE:CNP) Institutional Positions Chart

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