BMO Capital Markets Raises CenterPoint Energy (NYSE:CNP) Price Target to $36.00

CenterPoint Energy (NYSE:CNP - Free Report) had its target price hoisted by BMO Capital Markets from $35.00 to $36.00 in a research report released on Monday morning,Benzinga reports. They currently have a market perform rating on the utilities provider's stock.

CNP has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on CenterPoint Energy from $34.00 to $36.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Barclays upped their price objective on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Monday, January 27th. Guggenheim lowered shares of CenterPoint Energy from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Scotiabank raised shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $30.00 to $35.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Two research 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $33.77.

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CenterPoint Energy Trading Down 0.5 %

Shares of CenterPoint Energy stock traded down $0.20 on Monday, hitting $35.77. The stock had a trading volume of 8,615,283 shares, compared to its average volume of 5,199,660. The stock's 50-day simple moving average is $33.40 and its two-hundred day simple moving average is $31.36. CenterPoint Energy has a one year low of $25.41 and a one year high of $36.17. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.91. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.71 and a beta of 0.91.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting 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 net margin of 11.79% and a return on equity of 10.02%. As a group, sell-side analysts predict that CenterPoint Energy will post 1.75 EPS for the current year.

Institutional Investors Weigh In On CenterPoint Energy

Institutional investors have recently modified their holdings of the business. J.Safra Asset Management Corp purchased a new stake in shares of CenterPoint Energy during the 4th quarter valued at about $28,000. Wilmington Savings Fund Society FSB purchased a new stake in CenterPoint Energy in the third quarter worth approximately $26,000. Assetmark Inc. grew its holdings in shares of CenterPoint Energy by 657.1% in the fourth quarter. Assetmark Inc. now owns 901 shares of the utilities provider's stock worth $29,000 after acquiring an additional 782 shares during the period. VSM Wealth Advisory LLC purchased a new stake in CenterPoint Energy during the fourth quarter valued at $32,000. Finally, CoreCap Advisors LLC lifted its holdings in CenterPoint Energy by 58.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,079 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 400 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

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.