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

Assenagon Asset Management S.A. increased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 70.4% in the 4th quarter, HoldingsChannel reports. The institutional investor 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.’s holdings in CenterPoint Energy were worth $15,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Zacks Investment Management lifted its stake in CenterPoint Energy by 0.8% in the 3rd quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock valued at $1,208,000 after purchasing an additional 256 shares during the last quarter. Mather Group LLC. grew its stake in shares of CenterPoint Energy by 2.1% during the third quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock worth $506,000 after buying an additional 264 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of CenterPoint Energy by 9.0% during the third quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock worth $145,000 after buying an additional 309 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of CenterPoint Energy by 6.7% during the third quarter. Parallel Advisors LLC now owns 5,315 shares of the utilities provider’s stock worth $206,000 after buying an additional 333 shares in the last quarter. Finally, Riverbend Wealth Management LLC increased its holdings in shares of CenterPoint Energy by 5.9% during the third quarter. Riverbend Wealth Management LLC now owns 6,098 shares of the utilities provider’s stock worth $237,000 after buying an additional 341 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Stock Up 0.7%

Shares of NYSE CNP opened at $42.35 on Friday. The company’s 50 day moving average price is $41.76 and its 200-day moving average price is $39.81. 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 52-week low of $34.72 and a 52-week high of $44.39. The company has a market capitalization of $27.70 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data 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 firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNP. BMO Capital Markets raised 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. Wells Fargo & Company upped their target price on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Morgan Stanley reiterated an “underperform” rating and issued a $37.00 target price on shares of CenterPoint Energy in a research report on Wednesday, January 21st. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Barclays reduced their price target on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. 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’s stock. According to MarketBeat.com, CenterPoint Energy has an average 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.