Ethos Capital Management Inc. Makes New $1.36 Million Investment in CenterPoint Energy, Inc. $CNP

Ethos Capital Management Inc. bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,372 shares of the utilities provider’s stock, valued at approximately $1,356,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of CenterPoint Energy during the third quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CenterPoint Energy during the third quarter worth $26,000. LRI Investments LLC grew its stake in shares of CenterPoint Energy by 107.9% during the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after buying an additional 355 shares during the last quarter. First Horizon Corp bought a new stake in shares of CenterPoint Energy during the third quarter worth $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of CenterPoint Energy during the third quarter worth $30,000. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CNP. Wells Fargo & Company lifted their price target 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. UBS Group cut their price target 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. Barclays cut their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and a consensus target price of $42.60.

CenterPoint Energy Price Performance

Shares of NYSE:CNP opened at $43.60 on Wednesday. The firm has a market cap of $28.52 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. The firm’s fifty day moving average is $42.38 and its 200-day moving average is $40.14. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. CenterPoint Energy, Inc. has a 52 week low of $34.72 and a 52 week high of $44.39.

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

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.