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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
97% more call options, than puts
Call options by funds: $45.2M | Put options by funds: $23M
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
0.68% less ownership
Funds ownership: 96.06% [Q2] → 95.38% (-0.68%) [Q3]
8% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 78
2% less funds holding
Funds holding: 621 [Q2] → 608 (-13) [Q3]
7% less capital invested
Capital invested by funds: $19B [Q2] → $17.7B (-$1.32B) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 218
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$31
5%
downside
Avg. target
$34
6%
upside
High target
$37
14%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Ladenburg Thalmann Paul Fremont 53% 1-year accuracy 9 / 17 met price target | 6%upside $35 | Buy Initiated | 12 Dec 2024 |
Scotiabank Andrew Weisel 50% 1-year accuracy 14 / 28 met price target | 7%upside $35 | Sector Outperform Upgraded | 12 Dec 2024 |
UBS William Appicelli 64% 1-year accuracy 7 / 11 met price target | 14%upside $37 | Buy Upgraded | 3 Dec 2024 |
Morgan Stanley David Arcaro 74% 1-year accuracy 28 / 38 met price target | 5%downside $31 | Equal-Weight Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 11 articles about CNP published over the past 30 days
Neutral
PRNewsWire
1 day ago
As temperatures drop, CenterPoint Energy continues mobilizing response efforts for Winter Storm Enzo projected to impact the Greater Houston area Monday evening
Forecasts converge on freezing precipitation and accumulation across Greater Houston as National Weather Service upgrades advisory to a Winter Storm Warning Three staging sites set-up and approximately 1,200 additional mutual aid workers set to arrive tomorrow to support potential restoration efforts CenterPoint to activate its emergency operations center Monday afternoon ahead of the projected start of precipitation CenterPoint urges customers and the public to be weather alert and have a plan to stay safe and warm through freezing temperatures and precipitation HOUSTON , Jan. 19, 2025 /PRNewswire/ -- CenterPoint Energy continues to execute its cold weather readiness plan and actively monitor the weather for new developments. Weather forecasts continue to converge on a major winter storm, now named Enzo, impacting the Greater Houston area beginning Monday evening, with wintry precipitation and significant accumulation forecasted across the region this week.
Neutral
PRNewsWire
2 days ago
CenterPoint Energy mobilizes to respond to winter storm projected to impact the Greater Houston area
Forecasts converge on freezing precipitation and accumulation Approximately 1,200 additional mutual aid workers will arrive by Monday to support potential restoration efforts National Weather Service issued Winter Storm Watch for the entire region ERCOT Weather Watch issued for January 20 – 23 due to extreme cold weather across its region CenterPoint customers urged to be weather alert and have a plan to stay safe and warm through freezing temperatures HOUSTON , Jan. 18, 2025 /PRNewswire/ -- As weather models and forecasts for next week begin to converge, confidence is increasing in the potential for significant wintry precipitation and accumulation impacting the Greater Houston area starting Monday evening and continuing into next week. CenterPoint Energy continues to execute the company's cold weather readiness plan and is actively monitoring the evolving forecasts.
Neutral
PRNewsWire
3 days ago
As weather models start to align toward freezing precipitation and ERCOT issues Weather Watch, CenterPoint Energy continues preparations and secures additional mutual aid support
Company continues monitoring the evolving weather situation over the MLK Jr Holiday weekend and is activating nearly 1,200 additional mutual aid workers to help execute potential restoration work ERCOT has issued a Weather Watch for January 20-23 due to extreme cold weather across its region, meaning higher electrical demand, and the potential for lower reserves CenterPoint urges customers to have a plan and make winter weather preparations to stay safe and warm In the event of ice or freezing precipitation early next week causing outages, the expanded workforce will be utilized to restore service safely and as quickly as possible HOUSTON , Jan. 17, 2025 /PRNewswire/ -- With weather models and forecasts staring to align and show a strong chance of severe cold weather and icy precipitation and even snow impacting the Greater Houston area over the Martin Luther King Jr. Holiday weekend and into next week, CenterPoint Energy is preparing for potential impacts by readying work sites, staging crews and equipment, and securing an additional 430 vegetation management workers and 750 line workers to support potential restoration efforts. Forecasts continue to show a range of potential scenarios early next week across the Greater Houston area, with ERCOT issuing a Weather Watch for Jan. 20 though Jan. 23 due to extreme cold weather across the ERCOT region, higher electrical demand and the potential for lower reserves.
Neutral
GlobeNewsWire
4 days ago
CenterPoint Energy, Inc. to Host Webcast of Fourth Quarter & Full Year 2024 Earnings Conference Call
Houston, TX, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Date: January 16, 2025 Time: 7:00 a.m. Central time or 8:00 a.m.
Neutral
PRNewsWire
5 days ago
CenterPoint readies for second major cold snap of 2025 and is deploying its cold weather readiness plan
Pre-winter readiness actions completed by the company in December; crews performing readiness checklists for electric and natural gas systems Customers urged to have a plan and make preparations for potential freezing temperatures and wintry precipitation Since August 2024, CenterPoint has conducted approximately 3,500 miles of higher risk tree trimming and vegetation across the Greater Houston area HOUSTON , Jan. 15, 2025 /PRNewswire/ -- With cold temperatures again expected to impact CenterPoint Energy's service territory in Texas over the holiday weekend and into next week, the company's Emergency Response and Preparedness and Meteorology teams are actively monitoring weather forecasts and preparing to support safe and reliable energy delivery during cold and potentially icy conditions. Both electric and natural gas teams across CenterPoint's Texas footprint are engaged in coordinated efforts to maintain readiness and address potential service impacts.
Neutral
PRNewsWire
6 days ago
To better serve customers and local communities in 2025, CenterPoint Energy launches state-specific social media accounts to provide tailored experience across its multi-state service territory
New options available on X for Texas, Indiana, Ohio and Minnesota Follow @CenterPoint_TX to receive the most up-to-date information on the company's operations in the Greater Houston area and across Texas for both electric and gas updates HOUSTON , Jan. 14, 2025 /PRNewswire/ -- As part of CenterPoint Energy's commitment to continuously improving locally focused, relevant customer and public communications, the company is launching state-specific accounts in Texas, Indiana, Ohio and Minnesota on the social media platform X (previously known as Twitter). Alongside the company's main enterprise account, @CenterPoint, these accounts will provide more tailored local content and share valuable information on relevant company news, energy industry issues, weather updates, energy efficiency tips, emergency response and preparedness topics, as well as outage and restoration updates all tailored to the needs and interests of customers in each service territory.
Neutral
PRNewsWire
1 week ago
Responding to Texas Governor's State of Emergency Declaration for Approaching Winter Storm, CenterPoint Energy Continues to Vigilantly Monitor Forecasts, Deploy Cold Weather Mitigations and Remains Ready to Respond to Potential Severe Weather Impacts
CenterPoint has already completed its winter preparedness checklist and shared it with regulators and stakeholders and continues coordinating with emergency responders across Texas to prepare for expected winter storms this week Company urges customers to stay alert ahead of changing weather conditions and have a personal emergency plan in place HOUSTON , Jan. 8, 2025 /PRNewswire/ -- With severe winter weather conditions forecasted to impact much of West and East Texas later this week and into the weekend, Texas Governor Greg Abbott's office has activated the state's emergency response resources. CenterPoint Energy is continually monitoring the changing weather, deploying cold weather mitigations across its electric and gas infrastructure, mobilizing emergency response resources and coordinating with relevant local emergency responders and government officials in preparation for the approaching winter weather system.
Positive
Zacks Investment Research
1 week ago
NI or CNP: Which Is a Better Utility Electric Power Stock?
Both NI and CNP work efficiently and continue to provide reliable services to their expanding customer base.
Neutral
PRNewsWire
2 weeks ago
CenterPoint Energy makes preparations for first major cold snap of 2025
Texas, Louisiana and Mississippi teams prepare for potential storms and severe weather this weekend and major cold snap next week Indiana and Ohio teams prepare for ice and snowstorms expected next week HOUSTON , Jan. 3, 2025 /PRNewswire/ -- CenterPoint Energy continues to actively monitor potentially severe cold weather projected to impact parts of the company's service territories in Texas, Louisiana, Mississippi, Indiana and Ohio over the coming days. CenterPoint has taken a series of proactive pre-winter preparedness actions to strengthen and winterize its electric and natural gas infrastructure across its multiple states, as well as inspect and test cold-weather critical equipment ahead of potential severe cold weather.
Positive
24/7 Wall Street
2 weeks ago
5 Of UBS Highest Conviction 2025 Picks Are Also Dividend Superstars
As the calendar turns to 2025, the leading Wall Street firms are releasing their top stock picks for the new year.
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