Hudson Bay Capital Management LP Has $2.17 Million Position in CenterPoint Energy, Inc. $CNP

Hudson Bay Capital Management LP boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 37.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,825 shares of the utilities provider’s stock after purchasing an additional 15,123 shares during the quarter. Hudson Bay Capital Management LP’s holdings in CenterPoint Energy were worth $2,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of CenterPoint Energy in the fourth quarter valued at about $254,000. AQR Capital Management LLC grew its stake in shares of CenterPoint Energy by 15.6% in the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock valued at $2,757,000 after acquiring an additional 10,277 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CenterPoint Energy by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after acquiring an additional 3,821 shares during the period. Empowered Funds LLC increased its position in CenterPoint Energy by 11.5% during the first quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares during the period. Finally, Woodline Partners LP raised its stake in CenterPoint Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after purchasing an additional 15,922 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Price Performance

CNP stock opened at $42.04 on Friday. The company’s 50-day moving average price is $41.49 and its two-hundred day moving average price is $39.71. The firm has a market cap of $27.50 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.49 and a beta of 0.58. 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.

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 firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same period last year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on CNP. JPMorgan Chase & Co. cut their price objective 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. Barclays dropped their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. BMO Capital Markets upgraded CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Tuesday, January 13th. UBS Group lowered their price objective 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.55.

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.