12,511 Shares in CenterPoint Energy, Inc. $CNP Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,511 shares of the utilities provider’s stock, valued at approximately $480,000.

A number of other hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in shares of CenterPoint Energy during the third quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of CenterPoint Energy in the 3rd quarter valued at $26,000. LRI Investments LLC increased its position in shares of CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 355 shares during the period. First Horizon Corp purchased a new position in CenterPoint Energy in the 3rd quarter worth $30,000. Finally, Atlantic Union Bankshares Corp purchased a new position in CenterPoint Energy in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CNP. BMO Capital Markets upgraded CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 13th. Barclays reduced their price objective 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. Morgan Stanley reaffirmed an “underperform” rating and set a $37.00 target price on shares of CenterPoint Energy in a report on Wednesday, January 21st. Wells Fargo & Company upped their target price on CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Citigroup reiterated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Six 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. According to data from MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and an average price target of $42.60.

CenterPoint Energy Stock Performance

NYSE CNP opened at $43.72 on Monday. The firm has a market capitalization of $28.60 billion, a P/E ratio of 27.33, a PEG ratio of 2.59 and a beta of 0.54. The stock has a 50-day simple moving average of $42.22 and a two-hundred day simple moving average of $40.06. 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 fifty-two week low of $34.72 and a fifty-two week high of $44.39.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same quarter in the previous year, the company earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, equities analysts forecast 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.