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NVDA   220.81 (-1.78%)
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AAPL   146.92 (+0.06%)
MSFT   299.35 (-0.07%)
FB   352.96 (+2.02%)
GOOGL   2,844.30 (+0.71%)
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NVDA   220.81 (-1.78%)
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CGC   13.91 (-4.46%)
GE   103.80 (+0.82%)
MU   74.05 (+0.01%)
AMD   105.80 (-0.33%)
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ACB   5.95 (-3.25%)
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PFE   43.94 (-0.57%)
BA   221.39 (+0.13%)
BAC   42.14 (+1.08%)

CenterPoint Energy, Inc. (NYSE:CNP) Given Average Recommendation of "Hold" by Brokerages

Last updated on Monday, September 20, 2021 | 2021 MarketBeat

CenterPoint Energy, Inc. (NYSE:CNP) has earned an average rating of "Hold" from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.90.

Several equities analysts have commented on CNP shares. Evercore ISI reiterated a "buy" rating and issued a $26.00 target price on shares of CenterPoint Energy in a research report on Friday, August 6th. Barclays increased their price target on CenterPoint Energy from $25.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 25th. Citigroup initiated coverage on CenterPoint Energy in a research note on Monday, June 14th. They issued a "neutral" rating for the company. Bank of America raised CenterPoint Energy from a "neutral" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Monday, May 24th. Finally, initiated coverage on CenterPoint Energy in a research note on Monday, June 14th. They issued a "neutral" rating for the company.

Shares of CNP stock traded up $0.28 on Monday, hitting $24.71. 9,682,378 shares of the company's stock were exchanged, compared to its average volume of 5,319,937. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.54 and a quick ratio of 1.41. CenterPoint Energy has a 12 month low of $18.60 and a 12 month high of $27.19. The stock has a market cap of $14.65 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 3.61 and a beta of 0.98. The company has a 50 day moving average of $25.76 and a 200 day moving average of $24.61.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, August 5th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.25 by $0.11. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.63 billion. CenterPoint Energy had a return on equity of 17.22% and a net margin of 11.74%. During the same period last year, the company earned $0.21 earnings per share. Sell-side analysts predict that CenterPoint Energy will post 1.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 9th. Stockholders of record on Thursday, August 19th were issued a $0.16 dividend. The ex-dividend date was Wednesday, August 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.59%. CenterPoint Energy's dividend payout ratio is presently 45.71%.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CenterPoint Energy by 4.4% in the second quarter. Vanguard Group Inc. now owns 68,916,116 shares of the utilities provider's stock valued at $1,689,823,000 after purchasing an additional 2,914,909 shares in the last quarter. BlackRock Inc. lifted its holdings in CenterPoint Energy by 15.6% during the second quarter. BlackRock Inc. now owns 51,618,794 shares of the utilities provider's stock worth $1,265,690,000 after acquiring an additional 6,966,525 shares during the period. Capital International Investors lifted its holdings in CenterPoint Energy by 35.5% during the second quarter. Capital International Investors now owns 32,215,491 shares of the utilities provider's stock worth $789,924,000 after acquiring an additional 8,439,771 shares during the period. State Street Corp lifted its holdings in CenterPoint Energy by 4.0% during the second quarter. State Street Corp now owns 28,824,898 shares of the utilities provider's stock worth $706,786,000 after acquiring an additional 1,100,199 shares during the period. Finally, Boston Partners lifted its holdings in CenterPoint Energy by 0.3% during the second quarter. Boston Partners now owns 23,468,422 shares of the utilities provider's stock worth $575,534,000 after acquiring an additional 68,148 shares during the period. Institutional investors own 90.50% of the company's stock.

About CenterPoint Energy

CenterPoint Energy, Inc is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: Houston Electric Transmission & Distribution (T&D); Indiana Electric Integrated; Natural Gas Distribution; Energy Services; Infrastructure Services; Midstream Investments; and Corporate and Other.

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Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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