MUFG Securities EMEA plc Buys 14,299 Shares of CenterPoint Energy, Inc. $CNP

MUFG Securities EMEA plc boosted its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 114.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,795 shares of the utilities provider’s stock after purchasing an additional 14,299 shares during the quarter. MUFG Securities EMEA plc’s holdings in CenterPoint Energy were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at about $343,925,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at about $4,025,000. National Pension Service raised its holdings in shares of CenterPoint Energy by 7.8% in the 4th quarter. National Pension Service now owns 956,067 shares of the utilities provider’s stock valued at $36,656,000 after acquiring an additional 69,252 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of CenterPoint Energy by 165.0% in the 4th quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 457 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of CenterPoint Energy in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Performance

Shares of NYSE CNP opened at $41.72 on Wednesday. The stock has a market cap of $27.29 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.45 and a beta of 0.46. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 1.96. CenterPoint Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $44.47. The stock’s 50-day moving average is $42.69 and its 200 day moving average is $41.05.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same period in the prior year, the business posted $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, sell-side analysts anticipate that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, May 21st. CenterPoint Energy’s dividend payout ratio (DPR) is currently 56.44%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CNP shares. Citigroup reaffirmed a “neutral” rating on shares of CenterPoint Energy in a report on Thursday, February 19th. Mizuho set a $44.00 price target on CenterPoint Energy in a report on Monday, February 23rd. Truist Financial lowered their price target on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Bank of America raised their price target on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, KeyCorp raised their price target on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.62.

CenterPoint Energy Company 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.