CenterPoint Energy, Inc. $CNP Stock: Sumitomo Mitsui DS Asset Management Company Ltd Increases Position

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in CenterPoint Energy, Inc. (NYSE:CNP) by 21.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 108,637 shares of the utilities provider’s stock after buying an additional 19,372 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CenterPoint Energy were worth $3,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in CenterPoint Energy by 49.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after buying an additional 235 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in CenterPoint Energy in the 2nd quarter valued at about $27,000. MidFirst Bank acquired a new stake in shares of CenterPoint Energy during the second quarter valued at about $38,000. Rexford Capital Inc. acquired a new stake in shares of CenterPoint Energy during the first quarter valued at about $39,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of CenterPoint Energy during the second quarter valued at about $40,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Trading Up 2.2%

NYSE:CNP opened at $41.21 on Friday. CenterPoint Energy, Inc. has a 12-month low of $36.37 and a 12-month high of $45.26. The firm has a market capitalization of $27.15 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.67 and a beta of 0.47. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97. The business has a 50 day simple moving average of $38.99 and a 200 day simple moving average of $41.46.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%. During the same period last year, the company earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Equities research analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current year.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. CenterPoint Energy’s dividend payout ratio is currently 56.47%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CenterPoint Energy in a research report on Friday, September 11th. Wolfe Research reissued an “outperform” rating and issued a $49.00 price target on shares of CenterPoint Energy in a report on Wednesday, July 29th. BMO Capital Markets reduced their price target on CenterPoint Energy from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Monday. TD Cowen began coverage on CenterPoint Energy in a research note on Thursday. They set a “buy” rating and a $47.00 price objective for the company. Finally, KeyCorp dropped their price objective on CenterPoint Energy from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.28.

CenterPoint Energy Profile

CenterPoint Energy, Inc is a public utility holding company that provides electric and natural gas energy services in the United States. Its operations include electric transmission and distribution, natural gas distribution, and related infrastructure services for residential, commercial, and industrial customers.

The company is the primary electric delivery utility for the Houston, Texas, area and operates electric and natural gas businesses in several states, including Texas, Indiana, Ohio, Louisiana, and Mississippi.