Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Crazy About CenterPoint Energy, Inc. (NYSE:CNP)

CenterPoint Energy, Inc. (NYSE:CNP) investors should pay attention to an increase in activity from the world’s largest hedge funds lately.

CenterPoint Energy, Inc. (NYSE:CNP)

To the average investor, there are many methods investors can use to monitor Mr. Market. Some of the most useful are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best money managers can outclass the market by a very impressive amount (see just how much).

Just as key, bullish insider trading sentiment is a second way to break down the investments you’re interested in. Obviously, there are plenty of motivations for an upper level exec to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Many academic studies have demonstrated the impressive potential of this strategy if “monkeys” know what to do (learn more here).

With all of this in mind, we’re going to take a glance at the recent action regarding CenterPoint Energy, Inc. (NYSE:CNP).

How are hedge funds trading CenterPoint Energy, Inc. (NYSE:CNP)?

At year’s end, a total of 19 of the hedge funds we track were bullish in this stock, a change of 6% from the previous quarter. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were increasing their stakes meaningfully.

According to our comprehensive database, OZ Management, managed by Daniel S. Och, holds the largest position in CenterPoint Energy, Inc. (NYSE:CNP). OZ Management has a $208 million position in the stock, comprising 0.8% of its 13F portfolio. The second largest stake is held by Phill Gross and Robert Atchinson of Adage Capital Management, with a $47 million position; 0.2% of its 13F portfolio is allocated to the stock. Some other peers with similar optimism include Israel Englander’s Millennium Management, David Harding’s Winton Capital Management and John Overdeck and David Siegel’s Two Sigma Advisors.

As industrywide interest jumped, key money managers have jumped into CenterPoint Energy, Inc. (NYSE:CNP) headfirst. Moore Global Investments, managed by Louis Bacon, assembled the most valuable position in CenterPoint Energy, Inc. (NYSE:CNP). Moore Global Investments had 8 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $2 million position during the quarter. The only other fund with a brand new CNP position is Paul Tudor Jones’s Tudor Investment Corp.

How are insiders trading CenterPoint Energy, Inc. (NYSE:CNP)?

Insider buying is best served when the primary stock in question has seen transactions within the past half-year. Over the latest half-year time period, CenterPoint Energy, Inc. (NYSE:CNP) has experienced zero unique insiders buying, and 3 insider sales (see the details of insider trades here).

With the returns exhibited by Insider Monkey’s studies, everyday investors should always keep an eye on hedge fund and insider trading sentiment, and CenterPoint Energy, Inc. (NYSE:CNP) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!