CenterPoint Energy, Inc. $CNP Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC lowered its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 71.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,107 shares of the utilities provider’s stock after selling 42,608 shares during the period. Stratos Investment Management LLC’s holdings in CenterPoint Energy were worth $656,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Capital International Investors increased its holdings in CenterPoint Energy by 1.0% in the third quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock valued at $3,381,069,000 after buying an additional 833,374 shares during the last quarter. Vanguard Group Inc. raised its stake in CenterPoint Energy by 0.4% during the third quarter. Vanguard Group Inc. now owns 81,661,325 shares of the utilities provider’s stock valued at $3,168,459,000 after buying an additional 298,892 shares in the last quarter. Reaves W H & Co. Inc. lifted its holdings in CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after buying an additional 962,910 shares during the last quarter. American Century Companies Inc. lifted its holdings in CenterPoint Energy by 10.2% during the 3rd quarter. American Century Companies Inc. now owns 6,115,513 shares of the utilities provider’s stock worth $237,282,000 after buying an additional 568,130 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of CenterPoint Energy by 1.8% in the 3rd quarter. Legal & General Group Plc now owns 6,074,453 shares of the utilities provider’s stock worth $235,689,000 after acquiring an additional 107,737 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 0.0%

Shares of NYSE CNP opened at $43.72 on Friday. CenterPoint Energy, Inc. has a 12-month low of $34.72 and a 12-month high of $44.39. The company has a market cap of $28.60 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock’s 50 day simple moving average is $42.22 and its 200 day simple moving average is $40.05.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley reissued an “underperform” rating and set a $37.00 price target on shares of CenterPoint Energy in a research report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. UBS Group dropped their target price on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.