Rep. Robert Bresnahan, Jr. Buys CenterPoint Energy, Inc. (NYSE:CNP) Stock

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 Trading Up 1.6 %

CenterPoint Energy stock traded up $0.59 during trading on Friday, reaching $36.26. 6,251,326 shares of the company were exchanged, compared to its average volume of 5,350,909. 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 stock’s 50 day simple moving average is $33.85 and its two-hundred day simple moving average is $31.73. The company has a market capitalization of $23.66 billion, a P/E ratio of 22.80, a PEG ratio of 2.71 and a beta of 0.91. CenterPoint Energy, Inc. has a 52-week low of $25.41 and a 52-week high of $36.40.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. On average, equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CenterPoint Energy

Several institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in CenterPoint Energy by 2.9% in the fourth quarter. HighTower Advisors LLC now owns 80,577 shares of the utilities provider’s stock valued at $2,557,000 after purchasing an additional 2,283 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in CenterPoint Energy by 3.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,484,528 shares of the utilities provider’s stock worth $47,104,000 after acquiring an additional 42,578 shares in the last quarter. Custom Index Systems LLC purchased a new stake in shares of CenterPoint Energy during the 4th quarter worth $265,000. Atria Investments Inc increased its holdings in shares of CenterPoint Energy by 57.1% in the 4th quarter. Atria Investments Inc now owns 34,577 shares of the utilities provider’s stock valued at $1,097,000 after purchasing an additional 12,563 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in CenterPoint Energy by 7.1% during the third quarter. Principal Financial Group Inc. now owns 847,366 shares of the utilities provider’s stock worth $24,930,000 after buying an additional 56,037 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNP has been the topic of several analyst reports. Evercore ISI upgraded 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. Morgan Stanley increased their price objective on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Barclays upped their price objective on CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, January 27th. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets increased their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.77.

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.