Legal & General Group Plc Has $235.69 Million Stock Holdings in CenterPoint Energy, Inc. $CNP

Legal & General Group Plc grew its position in CenterPoint Energy, Inc. (NYSE:CNP) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,074,453 shares of the utilities provider’s stock after purchasing an additional 107,737 shares during the quarter. Legal & General Group Plc owned approximately 0.93% of CenterPoint Energy worth $235,689,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. AE Wealth Management LLC lifted its position in CenterPoint Energy by 3.3% during the 3rd quarter. AE Wealth Management LLC now owns 486,551 shares of the utilities provider’s stock worth $18,878,000 after acquiring an additional 15,754 shares during the last quarter. Reaves W H & Co. Inc. grew its position in shares of CenterPoint Energy by 15.4% in the third quarter. Reaves W H & Co. Inc. now owns 7,220,266 shares of the utilities provider’s stock valued at $280,146,000 after purchasing an additional 962,910 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of CenterPoint Energy by 23.3% in the third quarter. Exchange Traded Concepts LLC now owns 171,036 shares of the utilities provider’s stock worth $6,636,000 after purchasing an additional 32,344 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of CenterPoint Energy by 31.1% in the third quarter. Asset Management One Co. Ltd. now owns 350,798 shares of the utilities provider’s stock worth $13,611,000 after purchasing an additional 83,127 shares during the period. Finally, Norges Bank acquired a new position in shares of CenterPoint Energy during the 2nd quarter worth about $313,456,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of CenterPoint Energy in a research note on Monday, December 29th. 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 report on Tuesday, January 13th. Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of CenterPoint Energy from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CenterPoint Energy has an average rating of “Hold” and an average target price of $42.55.

CenterPoint Energy Stock Performance

NYSE CNP opened at $43.38 on Friday. CenterPoint Energy, Inc. has a 1-year low of $34.38 and a 1-year high of $44.04. The company has a 50 day moving average of $40.86 and a 200-day moving average of $39.45. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.54 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. On average, equities analysts forecast 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.