CenterPoint Energy, Inc. $CNP Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300,801 shares of the utilities provider’s stock after buying an additional 75,368 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of CenterPoint Energy worth $50,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. grew its holdings in shares of CenterPoint Energy by 2.1% during the third quarter. Mather Group LLC. now owns 13,050 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 264 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of CenterPoint Energy by 9.0% in the 3rd quarter. Global Retirement Partners LLC now owns 3,745 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 309 shares during the period. Riverbend Wealth Management LLC boosted its position in shares of CenterPoint Energy by 5.9% in the 3rd quarter. Riverbend Wealth Management LLC now owns 6,098 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 341 shares during the period. LRI Investments LLC grew its stake in CenterPoint Energy by 107.9% during the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after buying an additional 355 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC increased its position in CenterPoint Energy by 5.2% during the second quarter. Blackston Financial Advisory Group LLC now owns 8,138 shares of the utilities provider’s stock worth $299,000 after buying an additional 402 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNP has been the subject of several research analyst reports. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Mizuho set a $44.00 price target on shares of CenterPoint Energy in a research report on Monday, February 23rd. BMO Capital Markets raised shares of CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Tuesday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Finally, Morgan Stanley reiterated an “underperform” rating and set a $37.00 target price on shares of CenterPoint Energy in a research note on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

CenterPoint Energy Trading Up 1.1%

Shares of CenterPoint Energy stock opened at $43.47 on Friday. CenterPoint Energy, Inc. has a 52-week low of $33.24 and a 52-week high of $43.58. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 1.84. The company’s 50-day simple moving average is $39.93 and its 200-day simple moving average is $39.14. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 2.58 and a beta of 0.59.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the business earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. As a group, equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current year.

CenterPoint Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a dividend of $0.23 per share. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, February 19th. CenterPoint Energy’s dividend payout ratio is currently 57.50%.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.