The stock of CenterPoint Energy, Inc. (NYSE:CNP) is a huge mover today! About 1.68M shares traded hands. CenterPoint Energy, Inc. (NYSE:CNP) has risen 10.83% since April 11, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.
The move comes after 6 months positive chart setup for the $9.94 billion company. It was reported on Nov, 11 by Barchart.com. We have $38.94 PT which if reached, will make NYSE:CNP worth $6.76B more.
CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage
Out of 7 analysts covering CenterPoint (NYSE:CNP), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. CenterPoint has been the topic of 16 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained CenterPoint Energy, Inc. (NYSE:CNP) rating on Friday, November 6. Deutsche Bank has “Hold” rating and $19 price target. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Neutral” rating given on Monday, May 9 by Goldman Sachs. The rating was downgraded by SunTrust to “Neutral” on Monday, January 11. The firm earned “Underperform” rating on Tuesday, November 8 by Credit Suisse. The rating was maintained by Argus Research with “Buy” on Tuesday, January 12. Macquarie Research maintained it with “Neutral” rating and $20 target price in Friday, November 6 report. SunTrust maintained it with “Neutral” rating and $25 target price in Monday, September 26 report. The rating was maintained by SunTrust on Monday, March 7 with “Neutral”. Argus Research maintained CenterPoint Energy, Inc. (NYSE:CNP) rating on Thursday, March 24. Argus Research has “Buy” rating and $24 price target. Deutsche Bank maintained CenterPoint Energy, Inc. (NYSE:CNP) on Tuesday, August 11 with “Hold” rating.
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 is negative, 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.
Pacad Invest holds 0.08% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 25,000 shares. The Ohio-based Fifth Third Comml Bank has invested 0% in CenterPoint Energy, Inc. (NYSE:CNP). Macquarie last reported 0.01% of its portfolio in the stock. Proshare Lc holds 0.03% or 100,523 shares in its portfolio. Bowling Port Mngmt Lc reported 81,560 shares or 0.32% of all its holdings. Old Mutual Customised Solutions (Proprietary) accumulated 0.09% or 15,700 shares. British Columbia Invest Management holds 0.05% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 231,900 shares. The New York-based Amalgamated Bancorp has invested 0.03% in CenterPoint Energy, Inc. (NYSE:CNP). First Bancorp Sioux Falls, a South Dakota-based fund reported 1,058 shares. Mutual Of America Cap Mngmt Ltd Com last reported 49,915 shares in the company. Kempner Capital Management accumulated 0.25% or 16,200 shares. Hanson And Doremus Invest Mgmt, a Vermont-based fund reported 12,285 shares. Da Davidson & Company has 0% invested in the company for 2,535 shares. Moors Cabot Inc last reported 0.18% of its portfolio in the stock. Moreover, Reilly Finance Advsrs Ltd Liability has 0.02% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 5,293 shares.
Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 1 insider sale for $410,481 net activity. 9,000 shares were sold by MCGOLDRICK JOSEPH B, worth $200,070 on Friday, May 13.
More important recent CenterPoint Energy, Inc. (NYSE:CNP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Target, Consolidated Edison and CenterPoint Energy” on November 10, 2016, also Prnewswire.com published article titled: “CenterPoint Energy signs agreement with subsidiary of Atmos Energy Corporation …”, Prnewswire.com published: “CenterPoint Energy reports third quarter 2016 earnings of $0.41 per diluted …” on November 04, 2016. More interesting news about CenterPoint Energy, Inc. (NYSE:CNP) was released by: Prnewswire.com and their article: “CenterPoint Energy appoints new board member” with publication date: October 26, 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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