CenterPoint Energy (CNP) Receiving Somewhat Positive Press Coverage, Study Shows
Press coverage about CenterPoint Energy (NYSE:CNP) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CenterPoint Energy earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.6909496273643 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Stocks To Invest: CenterPoint Energy, Inc. (CNP), Molson Coors Brewing Company – Newburgh Gazette (newburghgazette.com)
- Panthers QB Cam Newton out for Saturday’s game vs. Titans (wisdomsave.com)
- See what the IHS Markit Score report has to say about Centerpoint Energy Inc. (finance.yahoo.com)
- For CenterPoint Energy, Inc. (CNP), It May Be As Good A Moment – StockNewsGazette (stocknewsgazette.com)
- Top Ranked Income Stocks to Buy for August 16th (mrtopstep.com)
Shares of CenterPoint Energy (NYSE CNP) traded up 0.93% on Monday, hitting $29.28. The company had a trading volume of 2,397,037 shares. The firm has a 50 day moving average of $28.18 and a 200-day moving average of $27.84. The firm has a market capitalization of $12.62 billion, a P/E ratio of 20.91 and a beta of 0.64. CenterPoint Energy has a 12-month low of $21.83 and a 12-month high of $29.45.
CenterPoint Energy (NYSE:CNP) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.22 by $0.07. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. On average, equities analysts predict that CenterPoint Energy will post $1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be given a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, August 14th. CenterPoint Energy’s payout ratio is 76.98%.
Several equities research analysts recently issued reports on the company. BidaskClub raised CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co assumed coverage on CenterPoint Energy in a research note on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. CenterPoint Energy has an average rating of “Hold” and a consensus price target of $27.78.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $28.67, for a total transaction of $28,670.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 3,000 shares of company stock worth $84,560 in the last ninety days. 0.20% of the stock is owned by company insiders.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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