The stock of CenterPoint Energy, Inc. (NYSE:CNP) is a huge mover today! About 483,194 shares traded hands. CenterPoint Energy, Inc. (NYSE:CNP) has risen 9.47% since March 9, 2016 and is uptrending. It has outperformed by 2.06% the S&P500.
The move comes after 8 months positive chart setup for the $9.31 billion company. It was reported on Oct, 12 by Barchart.com. We have $26.55 PT which if reached, will make NYSE:CNP worth $1.96 billion more.
Analysts await CenterPoint Energy, Inc. (NYSE:CNP) to report earnings on November, 3. They expect $0.36 earnings per share, up 5.88% or $0.02 from last year’s $0.34 per share. CNP’s profit will be $152.76M for 15.24 P/E if the $0.36 EPS becomes a reality. After $0.17 actual earnings per share reported by CenterPoint Energy, Inc. for the previous quarter, Wall Street now forecasts 111.76% EPS growth.
CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage
Out of 7 analysts covering CenterPoint (NYSE:CNP), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. CenterPoint has been the topic of 15 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, March 24 by Argus Research. On Monday, May 9 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm has “Hold” rating by Deutsche Bank given on Friday, November 6. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Neutral” rating by SunTrust on Monday, January 11. SunTrust maintained CenterPoint Energy, Inc. (NYSE:CNP) on Monday, September 26 with “Neutral” rating. Deutsche Bank maintained CenterPoint Energy, Inc. (NYSE:CNP) on Tuesday, August 11 with “Hold” rating. Deutsche Bank maintained CenterPoint Energy, Inc. (NYSE:CNP) rating on Thursday, May 12. Deutsche Bank has “Hold” rating and $22.50 price target. Credit Suisse upgraded the shares of CNP in a report on Tuesday, October 13 to “Neutral” rating. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Neutral” rating given on Friday, November 6 by Macquarie Research. The stock has “Sell” rating given by Goldman Sachs on Monday, October 19.
According to Zacks Investment Research, “CenterPoint Energy is a domestic energy delivery company that includes electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations. They serve customers in Arkansas, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Oklahoma, Texas, and Wisconsin.”
Insitutional Activity: The institutional sentiment decreased to 1.3 in Q2 2016. Its down 0.06, from 1.36 in 2016Q1. The ratio dropped, as 43 funds sold all CenterPoint Energy, Inc. shares owned while 122 reduced positions. 45 funds bought stakes while 170 increased positions. They now own 313.44 million shares or 13.41% more from 276.39 million shares in 2016Q1.
Estabrook Capital Mngmt last reported 0% of its portfolio in the stock. Windsor Gru last reported 126,940 shares in the company. Fjarde Ap last reported 99,881 shares in the company. Ladenburg Thalmann Financial Serv Inc holds 357,823 shares or 0.14% of its portfolio. Stadion Money Mngmt Ltd Liability Corporation last reported 79,776 shares in the company. Tokio Marine Asset Mgmt Ltd accumulated 16,362 shares or 0.04% of the stock. Edge Wealth Management Lc, a New York-based fund reported 670 shares. Gateway Invest Advisers Ltd Com owns 880,601 shares or 0.18% of their US portfolio. Evercore Wealth Mngmt Limited Com accumulated 3,500 shares or 0% of the stock. Strs Ohio reported 86,582 shares or 0.01% of all its holdings. New Mexico Educational Retirement Board holds 0.05% or 50,197 shares in its portfolio. Public Employees Retirement Association Of Colorado last reported 86,029 shares in the company. Ameritas Investment Prtn last reported 0.02% of its portfolio in the stock. Monroe Bank Mi holds 30,302 shares or 0.25% of its portfolio. The Minnesota-based Jnba Advsrs has invested 0% in CenterPoint Energy, Inc. (NYSE:CNP).
Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 1 insider sale for $200,070 net activity. Another trade for 9,000 shares valued at $200,070 was made by MCGOLDRICK JOSEPH B on Friday, May 13.
Another recent and important CenterPoint Energy, Inc. (NYSE:CNP) news was published by Prnewswire.com which published an article titled: “CenterPoint Energy CFO to Present at Wolfe Research Power and Gas Leaders …” on September 20, 2016.
CNP Company Profile
CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Company’s operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution facilities, and own interests in Enable Midstream Partners, LP (Enable). The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers (REPs). The Company’s Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. The Company’s Energy Services segment includes non-rate regulated gas sales to, and transportation and storage services for, commercial and industrial customers. The Company’s Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. The Company’s Other Operations segment includes office buildings and other real estate used in its business and other corporate operations, which support all of its business operations.
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