Rep. Robert Bresnahan, Jr. Purchases Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of CenterPoint Energy, Inc. NYSE: CNP. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in CenterPoint Energy stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

CenterPoint Energy Stock Up 0.3 %

Shares of NYSE CNP traded up $0.11 during mid-day trading on Wednesday, reaching $36.91. 2,743,593 shares of the company's stock traded hands, compared to its average volume of 4,635,342. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The business has a 50-day simple moving average of $33.99 and a 200 day simple moving average of $31.88. The stock has a market cap of $24.09 billion, a P/E ratio of 23.21, a PEG ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $37.28.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. On average, analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Ratings Changes

CNP has been the subject of several recent research reports. Guggenheim downgraded CenterPoint Energy from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. UBS Group upgraded shares of CenterPoint Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $31.00 to $37.00 in a research note on Tuesday, December 3rd. Scotiabank upgraded shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $30.00 to $35.00 in a report on Thursday, December 12th. Jefferies Financial Group assumed coverage on shares of CenterPoint Energy in a report on Wednesday. They set a "buy" rating and a $42.00 price target on the stock. Finally, Evercore ISI upgraded shares of CenterPoint Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $36.00 to $37.00 in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $34.46.

Institutional Investors Weigh In On CenterPoint Energy

A number of hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in CenterPoint Energy by 20.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,816 shares of the utilities provider's stock worth $1,136,000 after buying an additional 6,084 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in CenterPoint Energy in the 4th quarter worth about $68,000. Menard Financial Group LLC bought a new stake in CenterPoint Energy in the 4th quarter valued at about $137,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in CenterPoint Energy during the fourth quarter valued at about $10,453,000. Finally, Public Employees Retirement System of Ohio boosted its position in CenterPoint Energy by 34.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 309,063 shares of the utilities provider's stock worth $9,807,000 after purchasing an additional 78,969 shares during the period. Institutional investors own 91.77% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.