Shares of CenterPoint Energy, Inc. (NYSE:CNP) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.89.

Several research firms have issued reports on CNP. Guggenheim downgraded shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Citigroup upped their price objective on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Bank of America began coverage on shares of CenterPoint Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, J P Morgan Chase & Co set a $30.00 price objective on shares of CenterPoint Energy and gave the company a “hold” rating in a research note on Thursday, October 12th.

CenterPoint Energy (NYSE CNP) traded up $0.05 during midday trading on Friday, reaching $28.91. 3,209,100 shares of the company’s stock traded hands, compared to its average volume of 2,830,157. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. CenterPoint Energy has a one year low of $23.95 and a one year high of $30.45. The firm has a market capitalization of $12,440.00, a P/E ratio of 22.15, a PEG ratio of 3.87 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. CenterPoint Energy’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts anticipate that CenterPoint Energy will post 1.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.07 annualized dividend and a dividend yield of 3.70%. CenterPoint Energy’s dividend payout ratio (DPR) is 77.54%.

In other news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.08, for a total transaction of $29,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 3,000 shares of company stock valued at $88,080 in the last quarter. Insiders own 0.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of CenterPoint Energy during the third quarter worth about $578,000. Moors & Cabot Inc. boosted its stake in shares of CenterPoint Energy by 5.1% during the third quarter. Moors & Cabot Inc. now owns 45,587 shares of the utilities provider’s stock worth $1,338,000 after buying an additional 2,202 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of CenterPoint Energy during the third quarter worth about $206,000. Dana Investment Advisors Inc. boosted its stake in shares of CenterPoint Energy by 1.0% during the third quarter. Dana Investment Advisors Inc. now owns 516,404 shares of the utilities provider’s stock worth $15,084,000 after buying an additional 5,187 shares during the period. Finally, Piedmont Investment Advisors LLC boosted its stake in shares of CenterPoint Energy by 1.9% during the third quarter. Piedmont Investment Advisors LLC now owns 244,234 shares of the utilities provider’s stock worth $7,134,000 after buying an additional 4,590 shares during the period. Institutional investors and hedge funds own 77.98% of the company’s stock.

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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.

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

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