CenterPoint Energy (NYSE: CNP) has recently received a number of price target changes and ratings updates:
- 10/17/2023 – CenterPoint Energy had its price target lowered by analysts at JPMorgan Chase & Co. from $34.00 to $32.00. They now have an “overweight” rating on the stock.
- 10/16/2023 – CenterPoint Energy had its price target lowered by analysts at BMO Capital Markets from $34.00 to $30.00. They now have an “outperform” rating on the stock.
- 10/9/2023 – CenterPoint Energy had its price target lowered by analysts at Guggenheim from $34.00 to $29.00.
- 10/5/2023 – CenterPoint Energy is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
- 10/2/2023 – CenterPoint Energy was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
- 9/6/2023 – CenterPoint Energy had its price target lowered by analysts at Royal Bank of Canada from $34.00 to $33.00. They now have an “outperform” rating on the stock.
- 8/23/2023 – CenterPoint Energy is now covered by analysts at Barclays PLC. They set an “underweight” rating and a $28.00 price target on the stock.
- 8/23/2023 – CenterPoint Energy had its price target lowered by analysts at Morgan Stanley from $30.00 to $29.00. They now have an “overweight” rating on the stock.
CenterPoint Energy Trading Down 0.8 %
Shares of CNP opened at $27.47 on Friday. The stock has a market capitalization of $17.34 billion, a P/E ratio of 23.89, a PEG ratio of 2.50 and a beta of 0.89. CenterPoint Energy, Inc. has a twelve month low of $25.42 and a twelve month high of $31.52. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 1.67. The firm has a fifty day simple moving average of $27.89 and a two-hundred day simple moving average of $29.03.
CenterPoint Energy (NYSE:CNP – Get Free Report) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. CenterPoint Energy had a net margin of 8.28% and a return on equity of 9.71%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business posted $0.31 earnings per share. On average, research analysts anticipate that CenterPoint Energy, Inc. will post 1.49 EPS for the current year.
CenterPoint Energy Increases Dividend
Institutional Trading of CenterPoint Energy
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of CenterPoint Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 73,506,201 shares of the utilities provider’s stock valued at $2,252,230,000 after purchasing an additional 1,502,900 shares in the last quarter. Capital International Investors boosted its position in CenterPoint Energy by 0.8% during the 2nd quarter. Capital International Investors now owns 69,928,791 shares of the utilities provider’s stock valued at $2,038,160,000 after acquiring an additional 527,231 shares in the last quarter. State Street Corp grew its holdings in shares of CenterPoint Energy by 1.4% during the 2nd quarter. State Street Corp now owns 33,531,097 shares of the utilities provider’s stock worth $977,431,000 after acquiring an additional 449,120 shares during the period. Geode Capital Management LLC lifted its stake in shares of CenterPoint Energy by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 13,287,852 shares of the utilities provider’s stock valued at $386,311,000 after purchasing an additional 316,740 shares during the period. Finally, Pictet Asset Management SA boosted its position in shares of CenterPoint Energy by 1.5% during the first quarter. Pictet Asset Management SA now owns 9,733,618 shares of the utilities provider’s stock valued at $286,752,000 after purchasing an additional 142,336 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.
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 optimizes assets in the wholesale power market.
Featured Articles
- Five stocks we like better than CenterPoint Energy
- How to Invest in Hotel Stocks
- 3 High Dividend Stocks To Beat Treasury Yields
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- United Airlines Shares Fall Despite Solid Quarter
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Housing Starts Up, Homebuilders Down as Mortgage Rates Soar
Receive News & Ratings for CenterPoint Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.
