Assenagon Asset Management S.A. Purchases 171,060 Shares of CenterPoint Energy, Inc. $CNP

Assenagon Asset Management S.A. grew its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 70.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 413,903 shares of the utilities provider’s stock after purchasing an additional 171,060 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of CenterPoint Energy worth $15,869,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CNP. AE Wealth Management LLC grew its stake in CenterPoint Energy by 3.3% in the third quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock valued at $18,878,000 after acquiring an additional 15,754 shares during the period. Reaves W H & Co. Inc. raised its position in shares of 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 worth $280,146,000 after purchasing an additional 962,910 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of CenterPoint Energy by 23.3% during the 3rd 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 holdings in shares of CenterPoint Energy by 31.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 350,798 shares of the utilities provider’s stock valued at $13,611,000 after purchasing an additional 83,127 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at approximately $313,456,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE CNP opened at $42.35 on Friday. The firm’s 50 day moving average is $41.76 and its 200-day moving average is $39.81. 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 company has a market capitalization of $27.70 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58. CenterPoint Energy, Inc. has a 12-month low of $34.72 and a 12-month high of $44.39.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS 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 for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays lowered their target price on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Wells Fargo & Company upped their price target on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. BMO Capital Markets upgraded shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Tuesday, January 13th. Finally, Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.55.

About CenterPoint Energy

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.