CenterPoint Energy, Inc. (NYSE:CNP) Stock Holdings Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in CenterPoint Energy, Inc. (NYSE:CNP) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,407 shares of the utilities provider’s stock after purchasing an additional 1,529 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CenterPoint Energy were worth $6,264,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CNP. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CenterPoint Energy by 3.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 124,174 shares of the utilities provider’s stock valued at $3,653,000 after buying an additional 4,663 shares during the period. Public Sector Pension Investment Board increased its stake in shares of CenterPoint Energy by 4.9% during the third quarter. Public Sector Pension Investment Board now owns 113,705 shares of the utilities provider’s stock valued at $3,345,000 after acquiring an additional 5,300 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CenterPoint Energy by 2.1% during the third 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. Benjamin Edwards Inc. lifted its position in CenterPoint Energy by 171.5% in the third quarter. Benjamin Edwards Inc. now owns 8,418 shares of the utilities provider’s stock worth $248,000 after purchasing an additional 5,318 shares during the period. Finally, Cinctive Capital Management LP acquired a new stake in CenterPoint Energy in the third quarter worth approximately $5,901,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNP has been the topic of a number of research reports. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $37.00 in a research note on Tuesday, December 3rd. BMO Capital Markets upped their price target on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, March 17th. Barclays lifted their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Evercore ISI upgraded shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $36.00 to $37.00 in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.77.

CenterPoint Energy Price Performance

CNP opened at $36.25 on Tuesday. The firm has a market capitalization of $23.66 billion, a P/E ratio of 22.80, a PEG ratio of 2.71 and a beta of 0.91. The stock has a fifty day moving average of $33.92 and a 200-day moving average of $31.82. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. CenterPoint Energy, Inc. has a 12-month low of $25.41 and a 12-month high of $36.97.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. Equities analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS 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.