Mitsubishi UFJ Trust & Banking Corp Has $18.15 Million Holdings in CenterPoint Energy, Inc. (NYSE:CNP)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 571,897 shares of the utilities provider’s stock after acquiring an additional 25,039 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of CenterPoint Energy worth $18,146,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in CenterPoint Energy by 3.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,907 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 416 shares during the last quarter. Farther Finance Advisors LLC grew its stake in CenterPoint Energy by 3.2% in the 4th quarter. Farther Finance Advisors LLC now owns 13,909 shares of the utilities provider’s stock valued at $441,000 after buying an additional 432 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in CenterPoint Energy by 5.0% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 9,740 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 461 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in CenterPoint Energy by 53.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 482 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in CenterPoint Energy by 1.2% during the third quarter. M&T Bank Corp now owns 40,054 shares of the utilities provider’s stock valued at $1,178,000 after acquiring an additional 489 shares during the period. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CNP has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, March 17th. LADENBURG THALM/SH SH assumed coverage on CenterPoint Energy in a report on Thursday, December 12th. They set a “buy” rating and a $34.50 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Evercore ISI raised shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $36.00 to $37.00 in a report on Tuesday, March 11th. Finally, Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.77.

CenterPoint Energy Trading Up 0.4 %

CNP stock opened at $35.67 on Friday. CenterPoint Energy, Inc. has a 1-year low of $25.41 and a 1-year high of $36.19. 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 business’s 50 day moving average is $33.77 and its 200-day moving average is $31.64. The firm has a market cap of $23.28 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.71 and a beta of 0.91.

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

CenterPoint Energy 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.