Steadfast Capital Management Lp buys $158,523,945 stake in CenterPoint Energy (CNP)

CenterPoint Energy (CNP) : Steadfast Capital Management Lp scooped up 2,736,884 additional shares in CenterPoint Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 6,904,353 shares of CenterPoint Energy which is valued at $158,523,945.CenterPoint Energy makes up approximately 2.98% of Steadfast Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Pinkerton Retirement Specialists boosted its stake in CNP in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 76 shares of CenterPoint Energy which is valued at $1,745.Zevin Asset Management boosted its stake in CNP in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 9,665 shares of CenterPoint Energy which is valued at $228,287. CenterPoint Energy makes up approx 0.08% of Zevin Asset Management’s portfolio.Shell Asset Management Co boosted its stake in CNP in the latest quarter, The investment management firm added 18,290 additional shares and now holds a total of 37,539 shares of CenterPoint Energy which is valued at $855,889. CenterPoint Energy makes up approx 0.02% of Shell Asset Management Co’s portfolio. Exane Derivatives added CNP to its portfolio by purchasing 1 company shares during the most recent quarter which is valued at $23.

CenterPoint Energy opened for trading at $23.26 and hit $23.485 on the upside on Monday, eventually ending the session at $23.34, with a gain of 0.52% or 0.12 points. The heightened volatility saw the trading volume jump to 39,79,824 shares. Company has a market cap of $10,052 M.

On the company’s financial health, CenterPoint Energy reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $0.36. The company had revenue of $1889.00 million for the quarter, compared to analysts expectations of $1839.50 million. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on CenterPoint Energy. CenterPoint Energy was Downgraded by Credit Suisse to ” Underperform” on Nov 8, 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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