CenterPoint Energy, Inc. (NYSE:CNP) Receives Consensus Recommendation of “Hold” from Analysts
CenterPoint Energy, Inc. (NYSE:CNP) has received an average recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $27.63.
Several equities analysts recently issued reports on CNP shares. Zacks Investment Research upgraded CenterPoint Energy from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, June 5th. Barclays PLC raised their price objective on CenterPoint Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, March 20th. BidaskClub cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Deutsche Bank AG raised their price objective on CenterPoint Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Finally, J P Morgan Chase & Co started coverage on CenterPoint Energy in a research note on Thursday, June 29th. They set a “neutral” rating and a $29.00 price objective on the stock.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $27.66, for a total value of $27,660.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in CenterPoint Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock worth $102,000 after buying an additional 564 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in CenterPoint Energy by 28.8% in the first quarter. Johnson Financial Group Inc. now owns 4,843 shares of the utilities provider’s stock worth $134,000 after buying an additional 1,084 shares during the last quarter. Mirador Capital Partners LP bought a new stake in CenterPoint Energy during the first quarter worth about $200,000. Usca Ria LLC bought a new stake in CenterPoint Energy during the first quarter worth about $204,000. Finally, Private Advisory Group LLC bought a new stake in CenterPoint Energy during the first quarter worth about $205,000. Institutional investors own 77.61% of the company’s stock.
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CenterPoint Energy (CNP) traded down 0.44% during mid-day trading on Tuesday, reaching $27.15. 2,463,327 shares of the company traded hands. The stock has a market capitalization of $11.70 billion, a PE ratio of 25.14 and a beta of 0.63. CenterPoint Energy has a 52-week low of $21.83 and a 52-week high of $29.08. The firm’s 50-day moving average is $28.08 and its 200 day moving average is $27.05.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. CenterPoint Energy had a return on equity of 15.20% and a net margin of 5.68%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. On average, equities research analysts expect that CenterPoint Energy will post $1.31 earnings per share for the current year.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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