CenterPoint Energy, Inc. (NYSE:CNP) Receives Average Rating of “Buy” from Analysts

Shares of CenterPoint Energy, Inc. (NYSE:CNPGet Rating) have received an average recommendation of “Buy” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.31.

A number of research analysts recently commented on the company. Morgan Stanley reduced their target price on CenterPoint Energy from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, May 23rd. KeyCorp increased their target price on CenterPoint Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. Barclays raised their price objective on CenterPoint Energy from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, March 31st. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $27.00 to $30.00 in a research note on Tuesday, February 15th. Finally, Mizuho raised their price objective on CenterPoint Energy from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, April 6th.

Shares of CenterPoint Energy stock traded up $0.44 during trading on Friday, hitting $32.42. The stock had a trading volume of 3,395,068 shares, compared to its average volume of 5,091,237. The firm has a market cap of $20.41 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 5.72 and a beta of 0.88. CenterPoint Energy has a 12 month low of $24.23 and a 12 month high of $33.00. The business’s 50-day moving average is $31.18 and its 200 day moving average is $28.78. The company has a current ratio of 0.91, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32.

CenterPoint Energy (NYSE:CNPGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.55 billion. CenterPoint Energy had a return on equity of 12.10% and a net margin of 19.30%. During the same period in the previous year, the company posted $0.59 EPS. As a group, equities analysts expect that CenterPoint Energy will post 1.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 19th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, May 18th. This represents a $0.68 annualized dividend and a yield of 2.10%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 26.98%.

A number of institutional investors and hedge funds have recently modified their holdings of CNP. BNP Paribas Arbitrage SA grew its position in CenterPoint Energy by 21.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 442,356 shares of the utilities provider’s stock worth $10,882,000 after purchasing an additional 77,344 shares during the period. First Trust Advisors LP lifted its holdings in shares of CenterPoint Energy by 87.3% during the 4th quarter. First Trust Advisors LP now owns 758,623 shares of the utilities provider’s stock valued at $21,173,000 after buying an additional 353,670 shares during the period. Korea Investment CORP lifted its holdings in shares of CenterPoint Energy by 20.3% during the 4th quarter. Korea Investment CORP now owns 135,500 shares of the utilities provider’s stock valued at $3,782,000 after buying an additional 22,900 shares during the period. PYA Waltman Capital LLC bought a new position in shares of CenterPoint Energy during the 4th quarter valued at $28,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of CenterPoint Energy by 5.4% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 107,212 shares of the utilities provider’s stock valued at $2,637,000 after buying an additional 5,474 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

CenterPoint Energy Company Profile (Get Rating)

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

See Also

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.