CenterPoint Energy, Inc. (NYSE:CNP) Given Consensus Rating of “Moderate Buy” by Brokerages

CenterPoint Energy, Inc. (NYSE:CNPGet Free Report) has been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $31.00.

CNP has been the topic of a number of recent analyst reports. Scotiabank decreased their target price on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets boosted their target price on CenterPoint Energy from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, June 26th. KeyCorp upped their price objective on CenterPoint Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Barclays upped their price objective on CenterPoint Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 14th. Finally, StockNews.com lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Friday, June 7th.

Read Our Latest Stock Report on CNP

CenterPoint Energy Stock Down 0.1 %

NYSE:CNP opened at $29.59 on Thursday. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.67 and a beta of 0.92. CenterPoint Energy has a twelve month low of $25.42 and a twelve month high of $31.57. The stock’s 50 day moving average price is $30.22 and its two-hundred day moving average price is $28.86. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 1.81.

CenterPoint Energy (NYSE:CNPGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities research analysts expect that CenterPoint Energy will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. CenterPoint Energy’s payout ratio is 56.34%.

Insider Buying and Selling

In related news, Director Barry T. Smitherman sold 5,670 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $29.42, for a total transaction of $166,811.40. Following the completion of the sale, the director now directly owns 21,203 shares in the company, valued at approximately $623,792.26. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of CenterPoint Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Capital International Investors increased its holdings in CenterPoint Energy by 1.0% in the 1st quarter. Capital International Investors now owns 83,754,579 shares of the utilities provider’s stock worth $2,386,168,000 after purchasing an additional 865,120 shares in the last quarter. Boston Partners increased its stake in shares of CenterPoint Energy by 3.3% in the first quarter. Boston Partners now owns 17,545,528 shares of the utilities provider’s stock valued at $499,962,000 after buying an additional 556,802 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of CenterPoint Energy by 38.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,602,621 shares of the utilities provider’s stock valued at $302,070,000 after buying an additional 2,961,464 shares during the period. Cohen & Steers Inc. increased its stake in shares of CenterPoint Energy by 24.5% in the fourth quarter. Cohen & Steers Inc. now owns 8,030,646 shares of the utilities provider’s stock valued at $229,436,000 after buying an additional 1,578,948 shares during the period. Finally, Northern Trust Corp increased its stake in shares of CenterPoint Energy by 0.8% in the fourth quarter. Northern Trust Corp now owns 5,952,992 shares of the utilities provider’s stock valued at $170,077,000 after buying an additional 46,232 shares during the period. 91.77% of the stock is currently owned by institutional investors.

CenterPoint Energy Company Profile

(Get Free Report

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

See Also

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

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