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

Hudson Bay Capital Management LP boosted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 37.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,825 shares of the utilities provider’s stock after buying 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in CenterPoint Energy during the third quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CenterPoint Energy in the 3rd quarter valued at approximately $26,000. LRI Investments LLC boosted its stake 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 purchasing an additional 355 shares in the last quarter. First Horizon Corp bought a new stake in shares of CenterPoint Energy during the 3rd quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of CenterPoint Energy during the 3rd quarter valued at approximately $30,000. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. BMO Capital Markets raised shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Tuesday, January 13th. Morgan Stanley reiterated an “underperform” rating and set a $37.00 price target on shares of CenterPoint Energy in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, UBS Group cut their price objective on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.55.

CenterPoint Energy Trading Down 2.8%

NYSE CNP opened at $42.04 on Friday. The firm has a market capitalization of $27.50 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58. The business’s 50-day moving average price is $41.49 and its two-hundred day moving average price is $39.71. The company has a current ratio of 0.91, a quick ratio of 0.79 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 data on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the business earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

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.