Alps Advisors Has Cut Centerpoint Energy (CNP) Position By $33.59 Million, Sensato Investors Cut Stmicroelectronics N V (STM) Stake

June 12, 2017 - By Maria Brooks

Alps Advisors Inc decreased Centerpoint Energy Inc (CNP) stake by 88.8% reported in 2016Q4 SEC filing. Alps Advisors Inc sold 1.40M shares as Centerpoint Energy Inc (CNP)’s stock rose 3.66%. The Alps Advisors Inc holds 176,527 shares with $4.35 million value, down from 1.58M last quarter. Centerpoint Energy Inc now has $12.18B valuation. The stock increased 0.11% or $0.03 on June 9, reaching $28.24. About shares traded. CenterPoint Energy, Inc. (NYSE:CNP) has risen 25.54% since June 12, 2016 and is uptrending. It has outperformed by 8.84% the S&P500.

Sensato Investors Llc decreased Stmicroelectronics N V (STM) stake by 24.91% reported in 2016Q4 SEC filing. Sensato Investors Llc sold 901,865 shares as Stmicroelectronics N V (STM)’s stock rose 14.80%. The Sensato Investors Llc holds 2.72M shares with $30.85M value, down from 3.62 million last quarter. Stmicroelectronics N V now has $14.95 billion valuation. The stock decreased 4.61% or $0.8 during the last trading session, reaching $16.54. About 77,618 shares traded. STMicroelectronics NV (ADR) (NYSE:STM) has risen 191.28% since June 12, 2016 and is uptrending. It has outperformed by 174.58% the S&P500.

Alps Advisors Inc increased Ishares Msci Eafe Value Etf (EFV) stake by 36,493 shares to 330,859 valued at $15.63M in 2016Q4. It also upped Servisfirst Bancshares Inc (NASDAQ:SFBS) stake by 8,251 shares and now owns 16,348 shares. Southern Co/The (NYSE:SO) was raised too.

Since April 3, 2017, it had 0 buys, and 3 sales for $84,470 activity. 1,000 shares were sold by Prochazka Scott M, worth $28,350.

Among 9 analysts covering CenterPoint (NYSE:CNP), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. CenterPoint had 19 analyst reports since August 11, 2015 according to SRatingsIntel. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, May 9 report. Goldman Sachs downgraded CenterPoint Energy, Inc. (NYSE:CNP) on Monday, October 19 to “Sell” rating. Deutsche Bank maintained it with “Hold” rating and $21.0 target in Tuesday, August 11 report. The stock has “Neutral” rating by Credit Suisse on Tuesday, October 13. As per Friday, November 6, the company rating was maintained by Deutsche Bank. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Sector Perform” rating by RBC Capital Markets on Thursday, March 16. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Underperform” rating given on Tuesday, November 8 by Credit Suisse. The rating was maintained by Argus Research on Tuesday, January 12 with “Buy”. The stock has “Neutral” rating by SunTrust on Monday, September 26. On Friday, November 6 the stock rating was maintained by Macquarie Research with “Neutral”.

Investors sentiment decreased to 1.18 in 2016 Q4. Its down 0.18, from 1.36 in 2016Q3. It turned negative, as 43 investors sold CNP shares while 145 reduced holdings. 63 funds opened positions while 158 raised stakes. 314.67 million shares or 0.98% more from 311.63 million shares in 2016Q3 were reported. Community Financial Bank Na holds 100 shares or 0% of its portfolio. Sg Americas Securities Limited Liability Company, New York-based fund reported 224,489 shares. 9,460 are held by Inv Centers Of America Inc. Verition Fund Mngmt Ltd Company has invested 0.06% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Natixis has invested 0.01% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). E&G Advsrs L P, a Texas-based fund reported 25,000 shares. 59,049 are held by Nomura Incorporated. Lsv Asset Mngmt stated it has 0.02% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Clearbridge Invests Ltd Liability, New York-based fund reported 1.46 million shares. Meeder Asset Mgmt invested 0.3% in CenterPoint Energy, Inc. (NYSE:CNP). Chicago Equity Prtn Ltd Liability invested in 1.07 million shares. Alliancebernstein Ltd Partnership holds 0.02% or 1.09 million shares in its portfolio. Rare Infrastructure stated it has 330 shares. Moors And Cabot has invested 0.18% in CenterPoint Energy, Inc. (NYSE:CNP). Stadion Money Lc holds 0.07% or 91,912 shares.

Analysts await STMicroelectronics NV (ADR) (NYSE:STM) to report earnings on July, 26. They expect $0.18 earnings per share, up 350.00% or $0.14 from last year’s $0.04 per share. STM’s profit will be $162.70M for 22.97 P/E if the $0.18 EPS becomes a reality. After $0.12 actual earnings per share reported by STMicroelectronics NV (ADR) for the previous quarter, Wall Street now forecasts 50.00% EPS growth.