Exchange Traded Concepts LLC Has $1.10 Million Holdings in CenterPoint Energy, Inc. $CNP

Exchange Traded Concepts LLC lessened its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 83.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,763 shares of the utilities provider’s stock after selling 142,273 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CenterPoint Energy were worth $1,103,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its position in shares of CenterPoint Energy by 6.8% in the 4th quarter. Mather Group LLC. now owns 13,933 shares of the utilities provider’s stock valued at $534,000 after acquiring an additional 883 shares during the period. Olistico Wealth LLC acquired a new position in CenterPoint Energy during the fourth quarter valued at approximately $41,000. Czech National Bank increased its stake in CenterPoint Energy by 3.8% in the fourth quarter. Czech National Bank now owns 172,155 shares of the utilities provider’s stock valued at $6,600,000 after purchasing an additional 6,340 shares in the last quarter. Avanza Fonder AB bought a new stake in CenterPoint Energy in the fourth quarter valued at approximately $109,000. Finally, Assenagon Asset Management S.A. raised its holdings in CenterPoint Energy by 70.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 413,903 shares of the utilities provider’s stock worth $15,869,000 after purchasing an additional 171,060 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 1.1%

Shares of CNP stock opened at $43.72 on Friday. The firm has a fifty day moving average of $42.12 and a 200-day moving average of $39.99. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. CenterPoint Energy, Inc. has a 12-month low of $34.72 and a 12-month high of $44.39. The company has a market capitalization of $28.60 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.56 and a beta of 0.54.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same period in the prior year, the firm posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, equities research analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

CNP has been the subject of several research analyst reports. Wells Fargo & Company boosted their price target on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. UBS Group reduced their target price on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Tuesday, January 13th. Finally, Morgan Stanley restated an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.60.

CenterPoint Energy Profile

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.