Swiss Life Asset Management Ltd Grows Position in CenterPoint Energy, Inc. $CNP

Swiss Life Asset Management Ltd lifted its holdings in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 143.4% in the 3rd quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in CenterPoint Energy in the third quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in CenterPoint Energy during the third quarter valued at approximately $26,000. LRI Investments LLC grew its stake in CenterPoint Energy by 107.9% in the 3rd quarter. LRI Investments LLC now owns 684 shares of the utilities provider’s stock worth $27,000 after buying an additional 355 shares in the last quarter. First Horizon Corp bought a new position in shares of CenterPoint Energy in the 3rd quarter worth $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of CenterPoint Energy during the 3rd quarter valued at $30,000. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $42.04 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.91. CenterPoint Energy, Inc. has a 52-week low of $34.72 and a 52-week high of $44.39. The company has a fifty day moving average of $41.49 and a 200-day moving average of $39.72. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58.

CenterPoint Energy (NYSE:CNP) last issued its 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 business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.23 billion. CenterPoint Energy had a return on equity of 10.46% and a net margin of 11.24%.During the same quarter in the previous year, the business earned $0.40 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.900- EPS. Equities research analysts expect that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho set a $44.00 price objective on shares of CenterPoint Energy in a report on Monday, February 23rd. Wall Street Zen upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed 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 objective for the company in a report on Tuesday, January 13th. Finally, KeyCorp increased their price objective on CenterPoint Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.55.

CenterPoint Energy 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.