Tokio Marine Asset Management Co. Ltd. Purchases 963 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,593 shares of the utilities provider’s stock after buying an additional 963 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CenterPoint Energy were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in CenterPoint Energy by 5.7% during the third quarter. Invesco Ltd. now owns 8,239,922 shares of the utilities provider’s stock worth $221,242,000 after buying an additional 442,718 shares during the last quarter. Northern Trust Corp grew its stake in CenterPoint Energy by 1.8% during the third quarter. Northern Trust Corp now owns 5,906,760 shares of the utilities provider’s stock worth $158,597,000 after buying an additional 105,404 shares during the last quarter. California Public Employees Retirement System grew its stake in CenterPoint Energy by 1.3% during the fourth quarter. California Public Employees Retirement System now owns 3,664,835 shares of the utilities provider’s stock worth $104,704,000 after buying an additional 46,149 shares during the last quarter. ClearBridge Investments Ltd lifted its position in shares of CenterPoint Energy by 9.8% during the third quarter. ClearBridge Investments Ltd now owns 3,623,324 shares of the utilities provider’s stock worth $97,286,000 after purchasing an additional 324,078 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CenterPoint Energy by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,528,741 shares of the utilities provider’s stock worth $94,747,000 after purchasing an additional 63,804 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

CenterPoint Energy Trading Down 1.7 %

Shares of NYSE CNP opened at $28.85 on Friday. The company’s 50 day simple moving average is $28.04 and its 200 day simple moving average is $28.02. CenterPoint Energy, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $31.43. The firm has a market capitalization of $18.26 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.54 and a beta of 0.92. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.78 and a quick ratio of 0.58.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same period last year, the business posted $0.28 earnings per share. On average, analysts predict that CenterPoint Energy, Inc. will post 1.62 EPS for the current year.

CenterPoint Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.77%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 58.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNP. KeyCorp upped their target price on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Mizuho reiterated a “neutral” rating and set a $29.00 target price (down from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Scotiabank reduced their target price on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Guggenheim reduced their target price on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, Evercore ISI lowered shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.18.

About CenterPoint Energy

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.