CenterPoint Energy (CNP) Earns News Sentiment Rating of 0.13
News articles about CenterPoint Energy (NYSE:CNP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CenterPoint Energy earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.7754842396715 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- How power outages during Harvey compared to Ike (bizjournals.com)
- CenterPoint Energy, Inc. – Value Analysis (NYSE:CNP) : October 16, 2017 (finance.yahoo.com)
- Texarkana Industrial Index: 115.8 (texarkanagazette.com)
- J P Morgan Chase & Co Reiterates “$30.00” Price Target for CenterPoint Energy, Inc. (CNP) (americanbankingnews.com)
- CenterPoint Energy, Inc. breached its 50 day moving average in a Bullish Manner : CNP-US : October 13, 2017 (finance.yahoo.com)
Several equities research analysts have issued reports on the stock. J P Morgan Chase & Co set a $30.00 price target on shares of CenterPoint Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks, Inc. restated a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating and set a $29.00 price objective on shares of CenterPoint Energy in a research note on Monday, September 11th. BidaskClub upgraded shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $28.82 to $29.00 in a research note on Monday, August 14th. Eight investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.13.
CenterPoint Energy (NYSE:CNP) opened at 29.46 on Tuesday. CenterPoint Energy has a 1-year low of $21.91 and a 1-year high of $30.45. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 21.04 and a beta of 0.62. The stock’s 50 day moving average is $29.55 and its 200 day moving average is $28.49.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. Analysts predict that CenterPoint Energy will post $1.33 EPS for the current fiscal year.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 3,000 shares of company stock valued at $86,920 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.
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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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