Massachusetts Financial Services Co. MA Sells 201,806 Shares of CenterPoint Energy, Inc. $CNP

Massachusetts Financial Services Co. MA reduced its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,301,044 shares of the utilities provider’s stock after selling 201,806 shares during the period. Massachusetts Financial Services Co. MA owned 0.81% of CenterPoint Energy worth $203,242,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in CenterPoint Energy in the 3rd quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in CenterPoint Energy in the 3rd quarter worth about $26,000. LRI Investments LLC grew its stake in CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 355 shares in the last quarter. First Horizon Corp bought a new position in CenterPoint Energy in the 3rd quarter worth about $30,000. Finally, Atlantic Union Bankshares Corp bought a new position in CenterPoint Energy in the 3rd quarter worth about $30,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Price Performance

Shares of CNP opened at $43.43 on Monday. The company has a 50 day moving average price of $42.63 and a 200-day moving average price of $40.25. CenterPoint Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.47. The stock has a market capitalization of $28.41 billion, a PE ratio of 27.14, a PEG ratio of 2.57 and a beta of 0.54. 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 (NYSE:CNP) last announced its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CNP shares. 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 research note on Wednesday, December 17th. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. Morgan Stanley reaffirmed an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a research report on Wednesday, January 21st. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Finally, Wells Fargo & Company upped their price target on shares of CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.