Brevan Howard Capital Management LP Boosts Holdings in CenterPoint Energy, Inc. $CNP

Brevan Howard Capital Management LP raised its position in CenterPoint Energy, Inc. (NYSE:CNP) by 55.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,214 shares of the utilities provider’s stock after purchasing an additional 26,753 shares during the period. Brevan Howard Capital Management LP’s holdings in CenterPoint Energy were worth $2,918,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in CenterPoint Energy during the second quarter valued at $313,456,000. Marshall Wace LLP increased its stake in CenterPoint Energy by 3,842.1% in the 2nd quarter. Marshall Wace LLP now owns 1,609,544 shares of the utilities provider’s stock worth $59,135,000 after acquiring an additional 1,568,714 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of CenterPoint Energy by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 81,362,433 shares of the utilities provider’s stock valued at $2,989,256,000 after acquiring an additional 1,301,374 shares in the last quarter. Merewether Investment Management LP boosted its position in shares of CenterPoint Energy by 85.5% during the 3rd quarter. Merewether Investment Management LP now owns 2,493,500 shares of the utilities provider’s stock valued at $96,748,000 after acquiring an additional 1,149,637 shares during the last quarter. Finally, Reaves W H & Co. Inc. grew its holdings in shares of CenterPoint Energy by 15.4% during the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after purchasing an additional 962,910 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Trading Up 0.3%

NYSE CNP opened at $44.16 on Tuesday. The firm has a market cap of $28.88 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.61 and a beta of 0.58. CenterPoint Energy, Inc. has a 1-year low of $34.72 and a 1-year high of $44.31. The stock has a 50-day moving average of $41.09 and a 200-day moving average of $39.57. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. KeyCorp raised their target price on shares of CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. BMO Capital Markets raised 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. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research report on Monday, December 29th. Barclays dropped their price target 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, UBS Group lowered 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. Seven equities research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.