CenterPoint Energy, Inc. (NYSE:CNP - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $36.19 and last traded at $35.70, with a volume of 8615283 shares changing hands. The stock had previously closed at $35.96.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on CNP shares. Morgan Stanley upped their target price on CenterPoint Energy from $32.00 to $34.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Scotiabank raised CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $30.00 to $35.00 in a report on Thursday, December 12th. Evercore ISI upgraded CenterPoint Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $36.00 to $37.00 in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH initiated coverage on CenterPoint Energy in a research report on Thursday, December 12th. They issued a "buy" rating and a $34.50 target price on the stock. Finally, Guggenheim lowered shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $33.77.
Check Out Our Latest Stock Report on CNP
CenterPoint Energy Stock Performance
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 firm's fifty day moving average price is $33.64 and its two-hundred day moving average price is $31.59. The stock has a market capitalization of $22.96 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91.
CenterPoint Energy (NYSE:CNP - Get Free Report) last posted its earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion. As a group, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 EPS for the current year.
Institutional Trading of CenterPoint Energy
Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in CenterPoint Energy in the 3rd quarter valued at $26,000. J.Safra Asset Management Corp acquired a new stake in shares of CenterPoint Energy in the fourth quarter worth approximately $28,000. Assetmark Inc. increased its position in shares of CenterPoint Energy by 657.1% during the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after purchasing an additional 782 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in CenterPoint Energy in the 4th quarter valued at $32,000. Finally, First Horizon Advisors Inc. lifted its holdings in CenterPoint Energy by 51.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,106 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 375 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
About CenterPoint Energy
(
Get Free Report)
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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