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

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

A number of other hedge funds have also modified their holdings of CNP. Geode Capital Management LLC raised its position in CenterPoint Energy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,083,896 shares of the utilities provider’s stock valued at $442,231,000 after purchasing an additional 370,790 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of CenterPoint Energy by 5.2% in the third quarter. Duff & Phelps Investment Management Co. now owns 5,009,756 shares of the utilities provider’s stock valued at $147,387,000 after buying an additional 247,944 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CenterPoint Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,116,586 shares of the utilities provider’s stock worth $130,619,000 after buying an additional 160,154 shares during the period. American Century Companies Inc. grew its holdings in shares of CenterPoint Energy by 1,431.1% during the fourth quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider’s stock worth $108,153,000 after buying an additional 3,185,932 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CenterPoint Energy by 2.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,177,364 shares of the utilities provider’s stock valued at $93,478,000 after acquiring an additional 65,139 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CenterPoint Energy Stock Up 1.6 %

CNP stock opened at $36.26 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. The company’s 50-day moving average price is $33.85 and its 200 day moving average price is $31.71. CenterPoint Energy, Inc. has a 52 week low of $25.41 and a 52 week high of $36.40. The company has a market cap of $23.66 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.71 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

CNP has been the subject of a number of recent research reports. Evercore ISI raised CenterPoint Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $36.00 to $37.00 in a research report on Tuesday, March 11th. BMO Capital Markets increased their price target on CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, March 17th. Morgan Stanley boosted their price objective on shares of CenterPoint Energy from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.50 target price for the company. Finally, Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.