CenterPoint Energy
About: CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems serving approximately 4 million customers.
Employees: 8,827
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
291% more call options, than puts
Call options by funds: $24.9M | Put options by funds: $6.38M
24% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 196
14% more capital invested
Capital invested by funds: $16.4B [Q1] → $18.7B (+$2.23B) [Q2]
3% less funds holding
Funds holding: 637 [Q1] → 620 (-17) [Q2]
20% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 87
39.8% less ownership
Funds ownership: 134.04% [Q1] → 94.25% (-39.8%) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 3 (-3) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Wells Fargo Sarah Akers 62% 1-year accuracy 8 / 13 met price target | 6%upside $32 | Equal-Weight Maintained | 16 Oct 2024 |
Morgan Stanley David Arcaro 71% 1-year accuracy 30 / 42 met price target | 6%upside $32 | Equal-Weight Maintained | 25 Sept 2024 |
B of A Securities Ross Fowler 77% 1-year accuracy 10 / 13 met price target | 4%downside $29 | Neutral Reinstated | 12 Sept 2024 |
BMO Capital James Thalacker 89% 1-year accuracy 50 / 56 met price target | 7%downside $28 | Market Perform Maintained | 26 Aug 2024 |
Morgan Stanley Stephen Byrd 70% 1-year accuracy 31 / 44 met price target | 1%downside $30 | Equal-Weight Maintained | 23 Aug 2024 |
Financial journalist opinion
Based on 11 articles about CNP published over the past 30 days