CenterPoint Energy (NYSE:CNP – Get Free Report) had its target price hoisted by analysts at Barclays from $29.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential downside of 7.13% from the stock’s previous close.
Several other equities research analysts also recently commented on the company. Guggenheim downgraded CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Scotiabank upgraded shares of CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of CenterPoint Energy from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH started coverage on shares of CenterPoint Energy in a research note on Thursday, December 12th. They set a “buy” rating and a $34.50 target price for the company. Finally, StockNews.com downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, CenterPoint Energy currently has a consensus rating of “Hold” and a consensus target price of $31.46.
View Our Latest Analysis on CenterPoint Energy
CenterPoint Energy Stock Performance
CenterPoint Energy (NYSE:CNP – Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $0.40 earnings per share. Sell-side analysts expect that CenterPoint Energy will post 1.62 EPS for the current fiscal year.
Institutional Trading of CenterPoint Energy
A number of institutional investors have recently bought and sold shares of CNP. Wilmington Savings Fund Society FSB bought a new position in CenterPoint Energy in the 3rd quarter worth about $26,000. First Horizon Advisors Inc. lifted its stake in shares of CenterPoint Energy by 51.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 375 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of CenterPoint Energy in the 2nd quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in CenterPoint Energy by 53.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 482 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new position in CenterPoint Energy during the 2nd quarter valued at about $43,000. 91.77% of the stock is currently owned by institutional investors.
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.
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