Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes Position in CenterPoint Energy, Inc. $CNP

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 4th quarter, according to its most recent filing with the SEC. 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 recently added to or reduced their stakes in CNP. Brighton Jones LLC acquired a new stake in CenterPoint Energy during the fourth quarter valued at $254,000. AQR Capital Management LLC raised its position in shares of CenterPoint Energy by 15.6% in the first quarter. AQR Capital Management LLC now owns 76,100 shares of the utilities provider’s stock worth $2,757,000 after acquiring an additional 10,277 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CenterPoint Energy by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,683 shares of the utilities provider’s stock worth $2,525,000 after acquiring an additional 3,821 shares during the period. Empowered Funds LLC boosted its stake in shares of CenterPoint Energy by 11.5% during the 1st quarter. Empowered Funds LLC now owns 13,411 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in shares of CenterPoint Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 55,061 shares of the utilities provider’s stock worth $1,995,000 after acquiring an additional 15,922 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CenterPoint Energy Price Performance

CNP stock opened at $43.72 on Monday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79. The business has a 50 day simple moving average of $42.22 and a 200-day simple moving average of $40.06. The firm has a market capitalization of $28.60 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. CenterPoint Energy, Inc. has a 1 year low of $34.72 and a 1 year high of $44.39.

CenterPoint Energy (NYSE:CNP) last announced 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 company had revenue of $2.51 billion for 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 business posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CNP shares. Wells Fargo & Company raised 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. JPMorgan Chase & Co. lowered their price target on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Mizuho set a $44.00 price objective on CenterPoint Energy in a report on Monday, February 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Finally, BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.