Mitsubishi UFJ Asset Management Co. Ltd. Invests $69.97 Million 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, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,588,895 shares of the utilities provider’s stock, valued at approximately $69,975,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of CenterPoint Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in shares of CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 235 shares during the period. Focus Financial Network Inc. lifted its stake in CenterPoint Energy by 4.9% in the 2nd quarter. Focus Financial Network Inc. now owns 5,089 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 239 shares during the last quarter. Zacks Investment Management grew its holdings in CenterPoint Energy by 0.8% during the third quarter. Zacks Investment Management now owns 31,142 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 256 shares during the period. CX Institutional increased its position in CenterPoint Energy by 3.7% during the second quarter. CX Institutional now owns 7,643 shares of the utilities provider’s stock worth $337,000 after buying an additional 275 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its position in CenterPoint Energy by 16.1% during the fourth quarter. Salomon & Ludwin LLC now owns 2,226 shares of the utilities provider’s stock worth $85,000 after buying an additional 308 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

CNP has been the subject of several research analyst reports. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley set a $40.00 price objective on shares of CenterPoint Energy in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of CenterPoint Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. BTIG Research initiated coverage on shares of CenterPoint Energy in a report on Tuesday, June 30th. They set a “neutral” rating for the company. Finally, BMO Capital Markets cut their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.43.

CenterPoint Energy Stock Performance

NYSE CNP opened at $40.44 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.95. The company has a market capitalization 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. CenterPoint Energy, Inc. has a 12-month low of $36.60 and a 12-month high of $45.26. The firm has a 50-day moving average price of $42.82 and a two-hundred day moving average price of $42.63.

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

CenterPoint Energy Increases Dividend

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

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.