CenterPoint Energy Target of Unusually Large Options Trading (CNP)
Shares of CenterPoint Energy (NYSE:CNP) was the recipient of some unusual options trading on Monday. Investors acquired 7,638 put options on the stock, ARN reports. This represents an increase of approximately 1,035% compared to the average daily volume of 673 put options.
A number of analysts have recently weighed in on CNP shares. Analysts at Zacks reiterated a “neutral” rating on shares of CenterPoint Energy (NYSE:CNP) in a research note to investors on Wednesday, August 28th. They now have a $24.00 price target on the stock. Analysts at UBS AG downgraded shares of CenterPoint Energy (NYSE:CNP) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. CenterPoint Energy currently has an average rating of “Hold” and a consensus target price of $25.67.
CenterPoint Energy (NYSE:CNP) traded up 0.17% during mid-day trading on Monday, hitting $23.97. 3,036,176 shares of the company’s stock traded hands. CenterPoint Energy has a 1-year low of $18.79 and a 1-year high of $25.65. The stock has a 50-day moving average of $23.37 and a 200-day moving average of $23.72. The company has a market cap of $10.274 billion and a P/E ratio of 54.39.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. Analysts expect that CenterPoint Energy will post $1.22 EPS for the current fiscal year.
CenterPoint Energy, Inc is a public utility holding company whose indirect wholly owned subsidiaries include CenterPoint Energy Houston Electric, LLC (NYSE:CNP), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast, which includes the city of Houston, and CenterPoint Energy Resources Corp.
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