Sumitomo Mitsui Trust Group Inc. Sells 78,940 Shares of CenterPoint Energy, Inc. $CNP

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in CenterPoint Energy by 5%, selling 78,940 shares and leaving it with 1,485,015 shares (about 0.23% of the company) valued at roughly $56.94 million; institutional investors own about 91.77% of the stock.
• CenterPoint reported Q4 EPS of $0.45 (missing estimates by $0.01) and revenue of $2.51 billion (beating estimates), set FY2026 guidance of 1.90 EPS, and currently carries a consensus analyst rating of Hold with an average target of $43.27 and recent price targets/upgrades as high as $47.00.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,485,015 shares of the utilities provider's stock after selling 78,940 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of CenterPoint Energy worth $56,935,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of CenterPoint Energy during the 3rd quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CenterPoint Energy during the 3rd quarter worth $26,000. LRI Investments LLC raised its stake in shares of CenterPoint Energy by 107.9% during the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider's stock worth $27,000 after purchasing an additional 355 shares during the period. First Horizon Corp bought a new stake in shares of CenterPoint Energy during the 3rd quarter worth $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of CenterPoint Energy during the 3rd quarter worth $30,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Mizuho set a $44.00 target price on CenterPoint Energy in a research note on Monday, February 23rd. Citigroup reiterated a "neutral" rating on shares of CenterPoint Energy in a research note on Thursday, February 19th. Wall Street Zen upgraded CenterPoint Energy from a "sell" rating to a "hold" rating in a research note on Monday, February 23rd. BMO Capital Markets upgraded CenterPoint Energy from a "market perform" rating to an "outperform" rating and set a $42.00 target price on the stock in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company boosted their price objective on CenterPoint Energy from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Six 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 stock. According to MarketBeat, CenterPoint Energy currently has an average rating of "Hold" and a consensus target price of $43.27.

CenterPoint Energy Trading Down 1.0%

Shares of CenterPoint Energy stock opened at $42.49 on Thursday. CenterPoint Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $44.47. The stock's 50-day simple moving average is $42.79 and its 200 day simple moving average is $40.32. The stock has a market capitalization of $27.80 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.54 and a beta of 0.54. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced 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). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

CenterPoint Energy Company 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.

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