CenterPoint Energy, Inc. (NYSE:CNP) Receives $33.50 Consensus PT from Analysts

CenterPoint Energy, Inc. (NYSE:CNP - Get Free Report) has been assigned an average rating of "Hold" from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.77.

Several analysts have issued reports on CNP shares. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a research note on Thursday, December 12th. They issued a "buy" rating and a $34.50 price target on the stock. Barclays upped their price target on CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research report on Monday, January 27th. BMO Capital Markets lifted their price objective on shares of CenterPoint Energy from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of CenterPoint Energy from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Finally, UBS Group upgraded shares of CenterPoint Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd.

CenterPoint Energy Trading Down 0.5 %

Shares of CenterPoint Energy stock traded down $0.20 on Tuesday, hitting $35.77. 3,062,014 shares of the company's stock traded hands, compared to its average volume of 5,180,028. CenterPoint Energy has a one year low of $25.41 and a one year high of $36.17. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market capitalization of $23.34 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The firm's 50-day moving average price is $33.40 and its two-hundred day moving average price is $31.36.

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CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. The firm 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, research analysts expect that CenterPoint Energy will post 1.75 EPS for the current fiscal year.

Hedge Funds Weigh In On CenterPoint Energy

A number of institutional investors have recently modified their holdings of the business. Capital Research Global Investors grew its position in CenterPoint Energy by 156.4% during the 4th quarter. Capital Research Global Investors now owns 45,573,115 shares of the utilities provider's stock worth $1,446,036,000 after acquiring an additional 27,799,744 shares during the last quarter. BROOKFIELD Corp ON bought a new stake in shares of CenterPoint Energy during the 4th quarter valued at about $164,350,000. Norges Bank bought a new position in CenterPoint Energy during the fourth quarter worth $158,232,000. American Century Companies Inc. raised its stake in CenterPoint Energy by 1,431.1% during the 4th quarter. American Century Companies Inc. now owns 3,408,551 shares of the utilities provider's stock worth $108,153,000 after buying an additional 3,185,932 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of CenterPoint Energy during the fourth quarter valued at about $97,348,000. Institutional investors and hedge funds own 91.77% of the company's stock.

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.