Aventail Capital Group LP Sells 1,200,000 Shares of CenterPoint Energy, Inc. $CNP

Aventail Capital Group LP lowered its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 50.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,158,206 shares of the utilities provider’s stock after selling 1,200,000 shares during the period. CenterPoint Energy comprises about 2.1% of Aventail Capital Group LP’s investment portfolio, making the stock its 11th biggest holding. Aventail Capital Group LP’s holdings in CenterPoint Energy were worth $44,938,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of CenterPoint Energy during the third quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CenterPoint Energy in the third quarter worth about $26,000. LRI Investments LLC increased its holdings in CenterPoint Energy by 107.9% during the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 355 shares during the period. First Horizon Corp bought a new position in CenterPoint Energy during the 3rd quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp bought a new position in CenterPoint Energy during the 3rd quarter valued at approximately $30,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 1.4%

NYSE CNP opened at $44.01 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. CenterPoint Energy, Inc. has a twelve month low of $34.65 and a twelve month high of $44.07. The firm has a market capitalization of $28.79 billion, a PE ratio of 27.51, a P/E/G ratio of 2.61 and a beta of 0.58. The stock’s 50 day moving average is $40.97 and its 200 day moving average is $39.51.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $2.51 billion during 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 quarter last year, the company posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KeyCorp increased their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Morgan Stanley restated an “underperform” rating and set a $37.00 target price on shares of CenterPoint Energy in a report on Wednesday, January 21st. Wells Fargo & Company raised their price target on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets upgraded shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.