CenterPoint Energy, Inc. $CNP Holdings Reduced by Stratos Investment Management LLC

Stratos Investment Management LLC lowered its position in CenterPoint Energy, Inc. (NYSE:CNP) by 71.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,107 shares of the utilities provider’s stock after selling 42,608 shares during the quarter. Stratos Investment Management LLC’s holdings in CenterPoint Energy were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Marshall Wace LLP boosted its position in shares of CenterPoint Energy by 3,842.1% during the second quarter. Marshall Wace LLP now owns 1,609,544 shares of the utilities provider’s stock worth $59,135,000 after buying an additional 1,568,714 shares during the period. Merewether Investment Management LP increased its position in CenterPoint Energy by 85.5% in the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after acquiring an additional 1,149,637 shares during the period. Reaves W H & Co. Inc. raised its stake in CenterPoint Energy by 15.4% during the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after acquiring an additional 962,910 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in CenterPoint Energy during the 3rd quarter valued at $35,993,000. Finally, Raymond James Financial Inc. boosted its position in CenterPoint Energy by 23.5% during the 2nd quarter. Raymond James Financial Inc. now owns 4,725,856 shares of the utilities provider’s stock worth $173,628,000 after acquiring an additional 899,505 shares during the period. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of NYSE CNP opened at $43.72 on Friday. CenterPoint Energy, Inc. has a 1 year low of $34.72 and a 1 year high of $44.39. The firm has a market cap 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 fifty day moving average price of $42.22 and a two-hundred day moving average price of $40.05. 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 (NYSE:CNP) last posted its quarterly earnings data 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 firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same period in the prior year, the firm posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Research analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNP. BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Tuesday, January 13th. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. JPMorgan Chase & Co. decreased their target price on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company raised their target price 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.60.

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.