CenterPoint Energy Receives Consensus Rating of “Buy” from Analysts (NYSE:CNP)
CenterPoint Energy (NYSE:CNP) has received a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Analyst Ratings Network reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $27.17.
CenterPoint Energy (NYSE:CNP) opened at 24.52 on Tuesday. 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 $24.71 and a 200-day moving average of $24.1. The company has a market cap of $10.539 billion and a P/E ratio of 18.92. CenterPoint Energy also was the recipient of unusually large options trading activity on Monday. Traders purchased 2,772 put options on the company. This is an increase of 348% compared to the average volume of 619 put options.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company posted $0.30 earnings per share. CenterPoint Energy’s revenue was down .5% compared to the same quarter last year. Analysts expect that CenterPoint Energy will post $1.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.2375 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Wednesday, August 13th.
CNP has been the subject of a number of recent research reports. Analysts at SunTrust reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Monday, August 4th. They now have a $25.00 price target on the stock, down previously from $26.00. Separately, 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. Finally, 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.
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.
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