Oak Thistle LLC Has $2.71 Million Stock Holdings in CenterPoint Energy, Inc. $CNP

Oak Thistle LLC lifted its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 227.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,609 shares of the utilities provider’s stock after purchasing an additional 49,054 shares during the period. Oak Thistle LLC’s holdings in CenterPoint Energy were worth $2,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CNP. Root Financial Partners LLC purchased a new stake in CenterPoint Energy in the 3rd quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in CenterPoint Energy in the 3rd quarter worth about $26,000. LRI Investments LLC lifted its stake in CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 355 shares in the last quarter. First Horizon Corp purchased a new stake in CenterPoint Energy in the 3rd quarter worth about $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in CenterPoint Energy in the 3rd quarter worth about $30,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Tuesday, January 13th. KeyCorp increased their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Wells Fargo & Company increased 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. Barclays reduced their price objective on CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. dropped their target price 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. Six equities 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.60.

CenterPoint Energy Stock Performance

Shares of CNP stock opened at $43.60 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79. CenterPoint Energy, Inc. has a fifty-two week low of $34.72 and a fifty-two week high of $44.39. The stock’s 50-day moving average is $42.38 and its two-hundred day moving average is $40.14. The firm has a market cap of $28.52 billion, a P/E ratio of 27.25, a PEG ratio of 2.59 and a beta of 0.54.

CenterPoint Energy (NYSE:CNP) last issued its earnings results 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 firm had revenue of $2.51 billion during the quarter, compared to analyst estimates 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 previous year, the company earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

CenterPoint Energy 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.