Allspring Global Investments Holdings LLC Acquires 69,700 Shares of CenterPoint Energy, Inc. $CNP

Allspring Global Investments Holdings LLC raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 443,406 shares of the utilities provider’s stock after purchasing an additional 69,700 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of CenterPoint Energy worth $17,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AE Wealth Management LLC lifted its position in CenterPoint Energy by 3.3% during the third quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock worth $18,878,000 after purchasing an additional 15,754 shares during the period. Reaves W H & Co. Inc. raised its position in CenterPoint Energy by 15.4% during the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after purchasing an additional 962,910 shares in the last quarter. Exchange Traded Concepts LLC raised its position in CenterPoint Energy by 23.3% during the third quarter. Exchange Traded Concepts LLC now owns 171,036 shares of the utilities provider’s stock valued at $6,636,000 after purchasing an additional 32,344 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in CenterPoint Energy by 31.1% during the third quarter. Asset Management One Co. Ltd. now owns 350,798 shares of the utilities provider’s stock worth $13,611,000 after purchasing an additional 83,127 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in CenterPoint Energy by 14.3% during the fourth quarter. Nordea Investment Management AB now owns 522,801 shares of the utilities provider’s stock worth $20,133,000 after purchasing an additional 65,440 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNP shares. UBS Group decreased their price target on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Morgan Stanley reissued an “underperform” rating and issued a $37.00 price objective on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. 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 report on Tuesday, January 13th. Finally, Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.60.

CenterPoint Energy Trading Up 0.0%

CNP opened at $43.72 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. The stock has a market cap of $28.60 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. The company has a fifty day moving average of $42.22 and a 200-day moving average of $40.05. CenterPoint Energy, Inc. has a twelve month low of $34.72 and a twelve month high of $44.39.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same quarter in the previous year, the business posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, sell-side analysts predict that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Company 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.