Duff Phelps Investment Management Co buys $106,062,881 stake in CenterPoint Energy (CNP)

CenterPoint Energy (CNP) : Duff Phelps Investment Management Co scooped up 1,670,000 additional shares in CenterPoint Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 4,741,300 shares of CenterPoint Energy which is valued at $106,062,881.CenterPoint Energy makes up approximately 1.53% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware added CNP to its portfolio by purchasing 9,465 company shares during the most recent quarter which is valued at $211,732. CenterPoint Energy makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.Capstone Asset Management Co boosted its stake in CNP in the latest quarter, The investment management firm added 707 additional shares and now holds a total of 61,284 shares of CenterPoint Energy which is valued at $1,338,443. CenterPoint Energy makes up approx 0.04% of Capstone Asset Management Co’s portfolio. E&g Advisors Lp added CNP to its portfolio by purchasing 27,300 company shares during the most recent quarter which is valued at $605,514. CenterPoint Energy makes up approx 0.36% of E&g Advisors Lp’s portfolio.

CenterPoint Energy opened for trading at $22.32 and hit $22.53 on the upside on Friday, eventually ending the session at $22.37, with a gain of 0.13% or 0.03 points. The heightened volatility saw the trading volume jump to 24,99,197 shares. Company has a market cap of $9,634 M.

On the company’s financial health, CenterPoint Energy reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.20. The company had revenue of $1574.00 million for the quarter, compared to analysts expectations of $1632.42 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

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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