Massachusetts Financial Services Co. MA Decreases Holdings in CenterPoint Energy, Inc. $CNP

Massachusetts Financial Services Co. MA decreased its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,301,044 shares of the utilities provider’s stock after selling 201,806 shares during the period. Massachusetts Financial Services Co. MA’s holdings in CenterPoint Energy were worth $203,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in CenterPoint Energy during the third quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in CenterPoint Energy during the third quarter valued at approximately $26,000. LRI Investments LLC lifted 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 acquiring an additional 355 shares during the last quarter. 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. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CNP. Wells Fargo & Company increased their target price on shares of CenterPoint Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Barclays decreased their target price on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Citigroup reissued a “neutral” rating on shares of CenterPoint Energy in a research report on Thursday, February 19th. Morgan Stanley reaffirmed an “underperform” rating and issued a $37.00 price target on shares of CenterPoint Energy in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.60.

CenterPoint Energy Stock Up 0.1%

NYSE:CNP opened at $43.43 on Monday. The firm has a market capitalization of $28.41 billion, a P/E ratio of 27.14, a PEG ratio of 2.57 and a beta of 0.54. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The company’s fifty day moving average price is $42.63 and its 200-day moving average price is $40.25. 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 released its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 earnings per share 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 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 quarter in the previous year, the company earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

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.