Analysts Set CenterPoint Energy, Inc. (NYSE:CNP) PT at $33.50

Shares of CenterPoint Energy, Inc. (NYSE:CNP) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $33.77.

CNP has been the subject of several analyst reports. UBS Group raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a research report on Tuesday, December 3rd. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Evercore ISI upgraded CenterPoint Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $36.00 to $37.00 in a report on Tuesday, March 11th. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a report on Thursday, December 12th. They issued a “buy” rating and a $34.50 price objective for the company. Finally, Barclays boosted their target price on CenterPoint Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 27th.

Hedge Funds Weigh In On CenterPoint Energy

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in CenterPoint Energy by 20.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,816 shares of the utilities provider’s stock valued at $1,136,000 after buying an additional 6,084 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter valued at approximately $68,000. Menard Financial Group LLC bought a new stake in shares of CenterPoint Energy during the fourth quarter valued at approximately $137,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CenterPoint Energy in the 4th quarter worth approximately $10,453,000. Finally, Public Employees Retirement System of Ohio lifted its position in CenterPoint Energy by 34.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 309,063 shares of the utilities provider’s stock valued at $9,807,000 after acquiring an additional 78,969 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Stock Up 0.2 %

CNP opened at $35.93 on Tuesday. CenterPoint Energy has a 12 month low of $25.41 and a 12 month high of $35.99. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $33.40 and its 200-day moving average price is $31.36. The company has a market cap of $23.45 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.71 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.46 billion. CenterPoint Energy had a return on equity of 10.02% and a net margin of 11.79%. On average, equities analysts expect that CenterPoint Energy will post 1.75 EPS for the current year.

CenterPoint Energy Company Profile

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.