USA Financial Formulas Reduces Holdings in CenterPoint Energy, Inc. $CNP

USA Financial Formulas decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 69.4% in the 4th quarter, Holdings Channel reports. The fund owned 7,982 shares of the utilities provider’s stock after selling 18,087 shares during the quarter. USA Financial Formulas’ holdings in CenterPoint Energy were worth $306,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in CenterPoint Energy during the third quarter valued at about $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 increased its stake in shares of CenterPoint Energy by 107.9% in the third quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 355 shares in the last quarter. First Horizon Corp bought a new stake in shares of CenterPoint Energy in the third quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of CenterPoint Energy during the 3rd quarter valued at approximately $30,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CNP has been the subject of several analyst reports. UBS Group cut their price objective on shares of CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Wells Fargo & Company boosted their target price on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. KeyCorp lifted their price target on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. decreased their price objective on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.55.

CenterPoint Energy Stock Up 0.1%

CNP opened at $42.39 on Friday. The firm has a market capitalization of $27.73 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.51 and a beta of 0.58. CenterPoint Energy, Inc. has a one year low of $34.72 and a one year high of $44.39. The company has a fifty day moving average price of $41.81 and a 200-day moving average price of $39.86. 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 (NYSE:CNP) last issued 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 business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations 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 business posted $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities research analysts expect 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.