Exchange Traded Concepts LLC Has $1.10 Million Stock Holdings in CenterPoint Energy, Inc. $CNP

Exchange Traded Concepts LLC decreased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 83.2% during the 4th quarter, HoldingsChannel reports. The fund owned 28,763 shares of the utilities provider’s stock after selling 142,273 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CenterPoint Energy were worth $1,103,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have issued reports on CNP. Wall Street Zen upgraded shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research note on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Finally, Morgan Stanley reiterated an “underperform” rating and set a $37.00 target price on shares of CenterPoint Energy in a report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CenterPoint Energy currently has a consensus rating of “Hold” and an average target price of $42.60.

CenterPoint Energy Price Performance

Shares of CNP opened at $43.72 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The company’s fifty day simple moving average is $42.12 and its 200 day simple moving average is $39.99. CenterPoint Energy, Inc. has a 1-year low of $34.72 and a 1-year high of $44.39. The company has a market cap of $28.60 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 2.56 and a beta of 0.54.

CenterPoint Energy (NYSE:CNP) last announced its quarterly 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). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy Company 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.