CenterPoint Energy’s “Neutral” Rating Reaffirmed at SunTrust (CNP)
CenterPoint Energy (NYSE:CNP)‘s stock had its “neutral” rating reaffirmed by research analysts at SunTrust in a report released on Monday. They currently have a $25.00 price target on the stock, down from their previous price target of $26.00. SunTrust’s price objective indicates a potential upside of 2.08% from the company’s current price.
CenterPoint Energy (NYSE:CNP) traded down 1.94% on Monday, hitting $24.015. The stock had a trading volume of 2,471,199 shares. CenterPoint Energy has a 52 week low of $22.46 and a 52 week high of $25.75. The stock has a 50-day moving average of $24.8 and a 200-day moving average of $24.0. The company has a market cap of $10.320 billion and a price-to-earnings ratio of 30.23.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, August 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of CenterPoint Energy in a research note on Thursday, July 10th. They now have a $29.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of CenterPoint Energy from $26.00 to $27.00 in a research note on Tuesday, July 1st. Finally, analysts at BMO Capital Markets raised their price target on shares of CenterPoint Energy from $27.00 to $28.00 in a research note on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. CenterPoint Energy currently has an average rating of “Buy” and an average target price of $26.86.
CenterPoint Energy, Inc is a domestic energy delivery company. The Company’s business segments include Electric Transmission and Distribution, Natural Gas Distribution, Competitive Natural Gas Sales and Services, Interstate Pipelines, Field Services and Other Operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.