CenterPoint Energy, Inc. (NYSE:CNP) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. raised its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,305 shares of the utilities provider’s stock after purchasing an additional 839 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in CenterPoint Energy were worth $327,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. American Century Companies Inc. raised its stake in CenterPoint Energy by 1,431.1% in the 4th quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider’s stock valued at $108,153,000 after purchasing an additional 3,185,932 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth about $97,348,000. Jacobs Levy Equity Management Inc. raised its position in shares of CenterPoint Energy by 566.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,744,742 shares of the utilities provider’s stock valued at $51,330,000 after buying an additional 1,482,966 shares during the last quarter. Zimmer Partners LP lifted its stake in shares of CenterPoint Energy by 98.1% during the third quarter. Zimmer Partners LP now owns 1,536,640 shares of the utilities provider’s stock valued at $45,208,000 after buying an additional 760,956 shares during the period. Finally, Geode Capital Management LLC boosted its position in CenterPoint Energy by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider’s stock worth $442,231,000 after acquiring an additional 370,790 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Trading Up 1.6 %

NYSE CNP opened at $36.26 on Friday. The firm has a market capitalization 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 debt-to-equity ratio of 1.91, a quick ratio of 0.92 and a current ratio of 1.08. CenterPoint Energy, Inc. has a one year low of $25.41 and a one year high of $36.40. The company’s 50 day moving average price is $33.85 and its 200 day moving average price is $31.71.

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

Wall Street Analysts Forecast Growth

CNP has been the topic of a number of recent analyst reports. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. BMO Capital Markets raised their price target on CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, March 17th. LADENBURG THALM/SH SH began coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They set a “buy” rating and a $34.50 price objective for the company. Finally, UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.77.

CenterPoint Energy Company Profile

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.