Mitsubishi UFJ Asset Management Co. Ltd. Makes New $69.97 Million Investment in CenterPoint Energy, Inc. $CNP

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 1,588,895 shares of the utilities provider’s stock, valued at approximately $69,975,000.

Other large investors have also made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in CenterPoint Energy during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of CenterPoint Energy by 49.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after buying an additional 235 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of CenterPoint Energy by 165.0% during the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock worth $28,000 after buying an additional 457 shares during the last quarter. DV Equities LLC bought a new stake in shares of CenterPoint Energy during the 4th quarter worth $35,000. Finally, Rexford Capital Inc. bought a new position in CenterPoint Energy in the first quarter valued at about $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNP. BTIG Research initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, June 30th. They issued a “neutral” rating on the stock. KeyCorp lowered their price target on shares of CenterPoint Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Morgan Stanley set a $40.00 price objective on CenterPoint Energy in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.43.

CenterPoint Energy Price Performance

CenterPoint Energy stock opened at $40.44 on Thursday. The stock’s 50 day moving average is $42.82 and its 200 day moving average is $42.63. CenterPoint Energy, Inc. has a one year low of $36.60 and a one year high of $45.26. The firm has a market cap of $26.64 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.40 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a net margin of 11.61% and a return on equity of 11.10%. During the same quarter last year, the business earned $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts expect that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 20th. CenterPoint Energy’s payout ratio is currently 54.12%.

CenterPoint Energy Profile

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.