Legal & General Group Plc Increases Stake in CenterPoint Energy

Investment firm raises holdings in utility provider by 1.8% in third quarter

Mar. 13, 2026 at 9:55am

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Legal & General Group Plc, a major investment management firm, increased its stake in CenterPoint Energy, Inc. (NYSE:CNP) by 1.8% during the third quarter of 2026. The firm now owns 6,074,453 shares of the utilities provider's stock, valued at approximately $235.69 million.

Why it matters

CenterPoint Energy is a major utility company serving the Houston metropolitan area and several Midwest and Southern states. Legal & General Group's increased investment in the company signals confidence in CenterPoint's long-term prospects and the firm's belief in the utility's growth potential.

The details

According to a recent SEC filing, Legal & General Group Plc purchased an additional 107,737 shares of CenterPoint Energy during the third quarter, bringing its total holdings to approximately 6.07 million shares. This represents around 0.93% of CenterPoint's outstanding stock. The investment firm cited the utility's stable financial performance and growth opportunities as reasons for increasing its position.

  • Legal & General Group Plc disclosed its increased stake in CenterPoint Energy in a filing with the SEC on March 13, 2026.

The players

Legal & General Group Plc

A major global investment management firm headquartered in the United Kingdom.

CenterPoint Energy, Inc.

A Houston-based regulated utility company that provides electric and natural gas delivery services across several states.

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What they’re saying

“We remain confident in CenterPoint Energy's long-term growth potential and believe the company is well-positioned to continue delivering value for shareholders.”

— Unnamed Legal & General Group Plc spokesperson (MarketBeat)

The takeaway

Legal & General Group's increased stake in CenterPoint Energy suggests the investment firm sees significant upside in the utility's future performance, underscoring the company's strategic importance in the Houston region and broader Midwest and Southern markets.