Newbridge Financial Services Group Inc. Increases Stock Holdings in CenterPoint Energy, Inc. $CNP

Newbridge Financial Services Group Inc. grew its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 96.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,018 shares of the utilities provider’s stock after purchasing an additional 18,634 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in CenterPoint Energy were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in shares of CenterPoint Energy in the third quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in CenterPoint Energy during the third quarter valued at approximately $26,000. LRI Investments LLC grew 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 valued at $27,000 after buying an additional 355 shares during the period. First Horizon Corp purchased a new stake in CenterPoint Energy during the third quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in CenterPoint Energy during the third quarter valued at approximately $30,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

CNP opened at $44.01 on Friday. The firm has a market capitalization of $28.79 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.57 and a beta of 0.58. 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’s 50-day moving average is $40.97 and its two-hundred day moving average is $39.50. CenterPoint Energy, Inc. has a 1 year low of $34.65 and a 1 year high of $44.07.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same period in the previous year, the company posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CNP. Barclays dropped their price target on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of CenterPoint Energy in a report on Monday, December 29th. Finally, Morgan Stanley restated an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CenterPoint Energy presently has an average rating of “Hold” and a consensus target price of $42.55.

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.