CenterPoint Energy, Inc. $CNP Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 27.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,848,751 shares of the utilities provider’s stock after selling 2,167,452 shares during the period. Millennium Management LLC owned 0.90% of CenterPoint Energy worth $226,932,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Capital International Investors lifted its stake in shares of CenterPoint Energy by 1.0% in the 3rd quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after acquiring an additional 833,374 shares during the period. Vanguard Group Inc. boosted its holdings in shares of CenterPoint Energy by 0.4% in the third quarter. Vanguard Group Inc. now owns 81,661,325 shares of the utilities provider’s stock valued at $3,168,459,000 after acquiring an additional 298,892 shares in the last quarter. Norges Bank acquired a new position in shares of CenterPoint Energy during the second quarter valued at approximately $313,456,000. Reaves W H & Co. Inc. raised its holdings in CenterPoint Energy by 15.4% during the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after purchasing an additional 962,910 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in CenterPoint Energy by 10.2% during the third quarter. American Century Companies Inc. now owns 6,115,513 shares of the utilities provider’s stock worth $237,282,000 after purchasing an additional 568,130 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

NYSE CNP opened at $44.16 on Tuesday. The stock has a market capitalization of $28.88 billion, a P/E ratio of 27.60, a P/E/G ratio of 2.61 and a beta of 0.58. CenterPoint Energy, Inc. has a 1 year low of $34.72 and a 1 year high of $44.31. The business’s fifty day moving average is $41.09 and its two-hundred day moving average is $39.57. 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 released 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). The company had revenue of $2.51 billion for 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 business earned $0.40 earnings per share. 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CNP shares. Morgan Stanley reaffirmed an “underperform” rating and set a $37.00 price target on shares of CenterPoint Energy in a research note on Wednesday, January 21st. UBS Group dropped their price objective on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. 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 note on Tuesday, January 20th. Finally, BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, CenterPoint Energy presently has an average rating of “Hold” and a consensus price target of $42.55.

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.