Newbridge Financial Services Group Inc. Raises Stock Position in CenterPoint Energy, Inc. $CNP

Newbridge Financial Services Group Inc. increased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 30.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,517 shares of the utilities provider’s stock after acquiring an additional 11,499 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in CenterPoint Energy were worth $1,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of CenterPoint Energy during the third quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of CenterPoint Energy in the third quarter worth about $26,000. LRI Investments LLC boosted its position 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 acquiring an additional 355 shares during the last quarter. First Horizon Corp acquired a new position in CenterPoint Energy during the third quarter worth about $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in CenterPoint Energy during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $43.58 on Tuesday. The company’s 50 day simple moving average is $42.31 and its 200-day simple moving average is $40.10. The company has a market capitalization of $28.51 billion, a price-to-earnings ratio of 27.24, 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. 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 the consensus estimate of $0.46 by ($0.01). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the business posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CNP shares. KeyCorp raised their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Citigroup restated a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. 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 report on Tuesday, January 13th. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company boosted their price objective on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.60.

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.