CenterPoint Energy (NYSE:CNP - Free Report) had its target price increased by KeyCorp from $31.00 to $33.00 in a research report released on Monday, Benzinga reports. The firm currently has an overweight rating on the utilities provider's stock.
Other research analysts have also issued reports about the company. Mizuho reissued a neutral rating and set a $29.00 price target (down from $30.00) on shares of CenterPoint Energy in a research report on Wednesday, February 21st. Barclays upped their price target on CenterPoint Energy from $28.00 to $29.00 and gave the company an underweight rating in a research report on Thursday, March 14th. Scotiabank dropped their price target on CenterPoint Energy from $31.00 to $29.00 and set a sector perform rating on the stock in a research report on Monday, April 22nd. Guggenheim dropped their price target on CenterPoint Energy from $33.00 to $32.00 and set a buy rating on the stock in a research report on Wednesday, February 21st. Finally, StockNews.com raised CenterPoint Energy from a sell rating to a hold rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, CenterPoint Energy currently has an average rating of Hold and an average price target of $30.36.
View Our Latest Research Report on CenterPoint Energy
CenterPoint Energy Stock Performance
CNP stock traded down $0.09 during trading on Monday, reaching $29.99. 4,211,787 shares of the company's stock were exchanged, compared to its average volume of 4,332,710. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 1.81. CenterPoint Energy has a 1-year low of $25.42 and a 1-year high of $31.43. The company's fifty day moving average price is $28.55 and its 200-day moving average price is $28.25. The firm has a market cap of $19.19 billion, a PE ratio of 21.24, a P/E/G ratio of 2.65 and a beta of 0.91.
CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.82 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, research analysts expect that CenterPoint Energy will post 1.62 EPS for the current fiscal year.
CenterPoint Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.20 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. CenterPoint Energy's dividend payout ratio is currently 56.34%.
Insider Transactions at CenterPoint Energy
In other news, Director Barry T. Smitherman sold 5,670 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $29.42, for a total value of $166,811.40. Following the transaction, the director now directly owns 21,203 shares in the company, valued at approximately $623,792.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.
Institutional Trading of CenterPoint Energy
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new position in CenterPoint Energy during the first quarter valued at approximately $25,000. Global Retirement Partners LLC increased its holdings in CenterPoint Energy by 163.7% in the fourth quarter. Global Retirement Partners LLC now owns 894 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 555 shares during the period. FinTrust Capital Advisors LLC increased its holdings in CenterPoint Energy by 60.3% in the first quarter. FinTrust Capital Advisors LLC now owns 1,201 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 452 shares during the period. Tobam acquired a new stake in CenterPoint Energy in the first quarter valued at $35,000. Finally, Larson Financial Group LLC increased its holdings in CenterPoint Energy by 634.9% in the third quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.
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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