Paychex (PAYX) Holder Laffer Investments Has Trimmed Stake by $8.80 Million; As Centerpoint Energy (CNP) Market Valuation Rose, Holder Luminus Management Has Trimmed Stake

CenterPoint Energy, Inc. (NYSE:CNP) Logo

Luminus Management Llc decreased its stake in Centerpoint Energy Inc (CNP) by 26.33% based on its latest 2018Q4 regulatory filing with the SEC. Luminus Management Llc sold 638,030 shares as the company’s stock rose 8.32% with the market. The hedge fund held 1.79M shares of the public utilities company at the end of 2018Q4, valued at $50.40 million, down from 2.42M at the end of the previous reported quarter. Luminus Management Llc who had been investing in Centerpoint Energy Inc for a number of months, seems to be less bullish one the $15.44B market cap company. The stock increased 1.32% or $0.4 during the last trading session, reaching $30.81. About 9.95M shares traded or 88.95% up from the average. CenterPoint Energy, Inc. (NYSE:CNP) has risen 13.55% since March 17, 2018 and is uptrending. It has outperformed by 9.18% the S&P500. Some Historical CNP News: 08/05/2018 – Fitch: CenterPoint Energy Resources to Benefit from Internal Spin of Enable Investment; 24/04/2018 – S&PGR Puts CenterPoint Energy And Subs Rtgs On Watch Negative; 04/05/2018 – CENTERPOINT ENERGY 1Q REV. $3.16B, EST. $2.73B; 26/04/2018 – CenterPoint Energy reports 2018 annual shareholder meeting results; 26/03/2018 – CenterPoint Energy launches 2017 Corporate Responsibility Report using GRI standards; 04/05/2018 – CENTERPOINT ENERGY – QTRLY SHR $038; 26/04/2018 – Continental Resources Announces Firm Transportation Agreement on Enable’s Project Wildcat from SCOOP and STACK to Premium Texas Markets; 23/04/2018 – CenterPoint agrees to acquire Vectren; 08/05/2018 – Marathon Texas City, Texas refineries restoring production; 23/04/2018 – CenterPoint, Vectren See Merger Closing by 1Q of 2019

Laffer Investments decreased its stake in Paychex Inc (PAYX) by 0.29% based on its latest 2018Q4 regulatory filing with the SEC. Laffer Investments sold 135 shares as the company’s stock rose 7.97% with the market. The institutional investor held 46,841 shares of the consumer services company at the end of 2018Q4, valued at $3.05 billion, down from 46,976 at the end of the previous reported quarter. Laffer Investments who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $28.45 billion market cap company. The stock increased 0.30% or $0.24 during the last trading session, reaching $79.23. About 1.52M shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 20.38% since March 17, 2018 and is uptrending. It has outperformed by 16.01% the S&P500. Some Historical PAYX News: 29/05/2018 – The Paychex-IHS Markit small business jobs survey shows a slight increase in the rate of hiring for May; 30/04/2018 – Paychex Expands Board, Elects New Member; 26/03/2018 – Cramer also sits down with the CEOs of Wendy’s and Paychex; 16/04/2018 – Study: Nearly Half of Small Business Owners Feel Repealing Net Neutrality Will Have a Negative Impact; 12/04/2018 – Paychex at Non-Deal Roadshow Hosted By Northcoast Research; 26/03/2018 – PAYCHEX 3Q ADJ EPS 63C, EST. 63C; 26/03/2018 – PAYCHEX SEES FY SERVICE REV. ABOUT +2%; 27/03/2018 – Lower Tax Rate Boosts Case for Corporate Bonds Over Munis — Paychex CFO; 30/04/2018 – Paychex: Pamela Joseph Elected to Board; 06/03/2018 Paychex l IHS Markit Small Business Employment Watch: Small Business Job Growth and Wages Moderate in February

Since October 1, 2018, it had 0 insider buys, and 4 selling transactions for $452,880 activity.

More notable recent CenterPoint Energy, Inc. (NYSE:CNP) news were published by: 247Wallst.com which released: “Defensive Utility Stocks Could Soar If Rates Stay Low and Volatility Jumps – 24/7 Wall St.” on February 27, 2019, also Seekingalpha.com with their article: “CenterPoint Q4 2018 Earnings Preview – Seeking Alpha” published on February 27, 2019, Seekingalpha.com published: “Texas power grid operator foresees record demand, more alerts this summer – Seeking Alpha” on March 06, 2019. More interesting news about CenterPoint Energy, Inc. (NYSE:CNP) were released by: Gurufocus.com and their article: “CenterPoint Energy Services named number one Natural Gas Marketer in North America by Mastio & Company – GuruFocus.com” published on February 27, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 28, 2019 – Benzinga” with publication date: February 28, 2019.

Investors sentiment decreased to 1.05 in Q4 2018. Its down 0.44, from 1.49 in 2018Q3. It is negative, as 51 investors sold CNP shares while 162 reduced holdings. 59 funds opened positions while 165 raised stakes. 378.14 million shares or 2.57% more from 368.65 million shares in 2018Q3 were reported. Daiwa Grp Inc Inc holds 31,291 shares or 0.01% of its portfolio. Cleararc Cap Inc has 8,601 shares for 0.07% of their portfolio. Citadel Advisors Lc holds 7.49M shares. 3,350 were reported by Tortoise. Cambridge Invest Research Advisors accumulated 49,405 shares or 0.02% of the stock. Signaturefd Lc holds 1,729 shares or 0% of its portfolio. Janney Montgomery Scott Lc, Pennsylvania-based fund reported 31,528 shares. Tower Research Capital Ltd Liability Co (Trc) has invested 0% in CenterPoint Energy, Inc. (NYSE:CNP). Gulf Fincl Bank (Uk) Ltd holds 0.06% or 112,888 shares. Private Advisor Group Limited Liability holds 0.03% or 39,599 shares in its portfolio. Kcm Inv Ltd Liability Corp invested in 0.03% or 14,455 shares. Tarbox Family Office reported 120 shares. Moreover, Department Mb Bank N A has 0.07% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 20,000 shares. 33,450 were accumulated by Palisade Cap Mgmt Ltd Liability Nj. Prudential Financial reported 1.79 million shares stake.

Luminus Management Llc, which manages about $3.51B and $4.94 billion US Long portfolio, upped its stake in Timkensteel Corp (NYSE:TMST) by 1.40 million shares to 3.56M shares, valued at $31.14M in 2018Q4, according to the filing. It also increased its holding in Dowdupont Inc by 136,186 shares in the quarter, for a total of 419,200 shares, and has risen its stake in Arconic Inc.

Analysts await CenterPoint Energy, Inc. (NYSE:CNP) to report earnings on May, 3. They expect $0.51 EPS, down 7.27% or $0.04 from last year’s $0.55 per share. CNP’s profit will be $255.61 million for 15.10 P/E if the $0.51 EPS becomes a reality. After $0.36 actual EPS reported by CenterPoint Energy, Inc. for the previous quarter, Wall Street now forecasts 41.67% EPS growth.

Laffer Investments, which manages about $614.32M and $338.31B US Long portfolio, upped its stake in Ishares Msci Taiwan Capped Etf by 775 shares to 13,821 shares, valued at $437.02 million in 2018Q4, according to the filing. It also increased its holding in Ishares Currency Hedged South Korea by 988 shares in the quarter, for a total of 18,075 shares, and has risen its stake in Nextera Energy Inc (NYSE:NEE).

Investors sentiment decreased to 0.94 in 2018 Q4. Its down 0.14, from 1.08 in 2018Q3. It turned negative, as 46 investors sold PAYX shares while 295 reduced holdings. 71 funds opened positions while 249 raised stakes. 239.62 million shares or 0.09% less from 239.85 million shares in 2018Q3 were reported. The Massachusetts-based Baystate Wealth Management Ltd Liability has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Richard Bernstein Advisors Limited Liability Corporation reported 0.24% stake. Wade G W holds 1.25% in Paychex, Inc. (NASDAQ:PAYX) or 178,114 shares. 109,539 were reported by Hudson Bay Capital Mngmt Limited Partnership. Bessemer Grp has invested 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Bartlett Co Ltd Liability holds 0% or 195 shares in its portfolio. Smith Chas P & Assoc Pa Cpas has invested 0.06% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Confluence Investment Mngmt Llc has 2.14% invested in Paychex, Inc. (NASDAQ:PAYX). First Business Fincl Ser has invested 0.11% in Paychex, Inc. (NASDAQ:PAYX). Howe And Rusling Inc has 10,070 shares for 0.14% of their portfolio. 33,227 were accumulated by Webster Bancshares N A. Burney Co accumulated 29,942 shares. Trexquant Investment Limited Partnership owns 91,640 shares for 0.37% of their portfolio. 132,045 were reported by Gradient Investments. Alesco Advsr Ltd Llc has 79,370 shares.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on March, 25. They expect $0.89 EPS, up 41.27% or $0.26 from last year’s $0.63 per share. PAYX’s profit will be $319.59M for 22.26 P/E if the $0.89 EPS becomes a reality. After $0.65 actual EPS reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts 36.92% EPS growth.

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