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 Price Performance

CNP opened at $36.26 on Friday. The stock’s 50-day moving average price is $33.85 and its 200 day moving average price is $31.73. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $36.40. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.71 and a beta of 0.91. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. As a group, sell-side analysts expect that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

CNP has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Barclays increased their price target on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Monday, January 27th. Evercore ISI upgraded shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.77.

Institutional Investors Weigh In On CenterPoint Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC increased its position in shares of CenterPoint Energy by 29.5% during the third quarter. Cerity Partners LLC now owns 309,964 shares of the utilities provider’s stock worth $9,119,000 after purchasing an additional 70,688 shares in the last quarter. Larson Financial Group LLC grew its stake in CenterPoint Energy by 1,158.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,378 shares of the utilities provider’s stock worth $70,000 after buying an additional 2,189 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in CenterPoint Energy by 17.0% during the third quarter. Horizon Kinetics Asset Management LLC now owns 9,633 shares of the utilities provider’s stock worth $283,000 after buying an additional 1,400 shares during the period. Brooklyn Investment Group purchased a new stake in CenterPoint Energy in the third quarter valued at approximately $68,000. Finally, Bridgewater Associates LP purchased a new stake in CenterPoint Energy in the third quarter valued at approximately $7,062,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.