CenterPoint Energy (NYSE:CNP) Raised to Hold at StockNews.com

CenterPoint Energy (NYSE:CNP) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also weighed in on the company. Bank of America assumed coverage on CenterPoint Energy in a research report on Thursday, September 12th. They set a “neutral” rating and a $29.00 price objective on the stock. Wells Fargo & Company downgraded CenterPoint Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $32.00 to $28.00 in a research note on Tuesday, August 13th. Morgan Stanley lifted their target price on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Scotiabank decreased their price target on shares of CenterPoint Energy from $29.00 to $28.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 20th. Finally, KeyCorp lowered shares of CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, CenterPoint Energy has an average rating of “Hold” and an average target price of $29.36.

CenterPoint Energy Stock Up 0.2 %

Shares of NYSE CNP opened at $28.27 on Wednesday. The stock has a 50-day moving average price of $27.54 and a two-hundred day moving average price of $28.67. CenterPoint Energy has a 12 month low of $25.41 and a 12 month high of $31.57. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 1.79. The company has a market cap of $18.08 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.46 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.88 billion. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts forecast that CenterPoint Energy will post 1.62 earnings per share for the current fiscal year.

Institutional Trading of CenterPoint Energy

Large investors have recently bought and sold shares of the business. Crewe Advisors LLC bought a new stake in shares of CenterPoint Energy during the 1st quarter valued at about $25,000. Olistico Wealth LLC acquired a new position in CenterPoint Energy in the second quarter valued at approximately $33,000. Rothschild Investment LLC bought a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $33,000. FinTrust Capital Advisors LLC grew its position in shares of CenterPoint Energy by 60.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $34,000 after buying an additional 452 shares during the period. Finally, Tobam bought a new stake in shares of CenterPoint Energy in the 1st quarter valued at $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About CenterPoint Energy

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.