Swiss Life Asset Management Ltd Increases Stake in CenterPoint Energy, Inc. $CNP

Swiss Life Asset Management Ltd boosted its position in CenterPoint Energy, Inc. (NYSE:CNP) by 143.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 105,481 shares of the utilities provider’s stock after acquiring an additional 62,151 shares during the period. Swiss Life Asset Management Ltd’s holdings in CenterPoint Energy were worth $4,093,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CNP. Capital International Investors increased its stake in shares of CenterPoint Energy by 1.0% in the third quarter. Capital International Investors now owns 87,129,628 shares of the utilities provider’s stock worth $3,381,069,000 after purchasing an additional 833,374 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CenterPoint Energy by 0.4% in the third quarter. Vanguard Group Inc. now owns 81,661,325 shares of the utilities provider’s stock valued at $3,168,459,000 after purchasing an additional 298,892 shares during the period. Norges Bank purchased a new stake in shares of CenterPoint Energy during the 2nd quarter valued at approximately $313,456,000. Reaves W H & Co. Inc. boosted its holdings in CenterPoint Energy by 15.4% in the 3rd quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock worth $280,146,000 after buying an additional 962,910 shares during the period. Finally, American Century Companies Inc. boosted its holdings in CenterPoint Energy by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 6,115,513 shares of the utilities provider’s stock worth $237,282,000 after buying an additional 568,130 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNP. Barclays lowered their target price on shares of CenterPoint Energy from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. UBS Group cut their price target on CenterPoint Energy from $45.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. BMO Capital Markets upgraded CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their price objective on CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Finally, Wells Fargo & Company increased their price objective on CenterPoint Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.55.

CenterPoint Energy Stock Performance

NYSE CNP opened at $42.04 on Monday. The company’s 50 day simple moving average is $41.49 and its two-hundred day simple moving average is $39.72. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.91 and a quick ratio of 0.79. CenterPoint Energy, Inc. has a 1 year low of $34.72 and a 1 year high of $44.39. The stock has a market capitalization of $27.50 billion, a PE ratio of 26.27, a P/E/G ratio of 2.49 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.23 billion. CenterPoint Energy had a net margin of 11.24% and a return on equity of 10.46%. During the same quarter last year, the firm earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Analysts predict that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

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.