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CenterPoint Energy (NYSE:CNP) has been given a “BBB+” credit rating by Morningstar. The agency’s “BBB+” rating indicates that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.

A number of other analysts have also recently weighed in on CNP. Analysts at Argus upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 20th. They now have a $29.00 price target on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $27.43.

Shares of CenterPoint Energy (NYSE:CNP) opened at 24.88 on Thursday. CenterPoint Energy has a 52 week low of $22.46 and a 52 week high of $25.75. The stock’s 50-day moving average is $24.62 and its 200-day moving average is $24.27. The company has a market cap of $10.693 billion and a P/E ratio of 19.19.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that CenterPoint Energy will post $1.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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 3.82%. The ex-dividend date is Wednesday, August 13th.

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.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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