CenterPoint Energy (NYSE:CNP) had its target price reduced by investment analysts at Barclays from $20.00 to $15.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective would indicate a potential downside of 3.91% from the stock’s previous close.

CNP has been the subject of a number of other research reports. Zacks Investment Research lowered CenterPoint Energy from a “hold” rating to a “strong sell” rating and set a $23.00 target price for the company. in a research note on Friday, January 3rd. BMO Capital Markets began coverage on CenterPoint Energy in a research note on Wednesday, February 19th. They issued a “market perform” rating and a $28.00 target price for the company. UBS Group lowered their target price on CenterPoint Energy from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Wells Fargo & Co reissued a “hold” rating on shares of CenterPoint Energy in a research note on Monday, March 2nd. Finally, Evercore ISI raised CenterPoint Energy from an “in-line” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.24.

Shares of NYSE CNP traded up $0.48 during midday trading on Thursday, reaching $15.61. The company had a trading volume of 533,310 shares, compared to its average volume of 10,718,207. CenterPoint Energy has a one year low of $11.58 and a one year high of $31.17. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 2.15. The firm’s fifty day moving average price is $21.54 and its 200-day moving average price is $25.98. The stock has a market cap of $6.85 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 2.05 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, February 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. CenterPoint Energy had a return on equity of 14.97% and a net margin of 6.43%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the company posted $0.36 EPS. CenterPoint Energy’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that CenterPoint Energy will post 1.33 EPS for the current year.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.83, for a total transaction of $187,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNP. Rockefeller Capital Management L.P. grew its holdings in shares of CenterPoint Energy by 151.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,007 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 607 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in CenterPoint Energy by 184.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,074 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 697 shares in the last quarter. Filbrandt Wealth Management LLC bought a new position in CenterPoint Energy in the 4th quarter valued at approximately $32,000. Dupont Capital Management Corp bought a new position in CenterPoint Energy in the 4th quarter valued at approximately $47,000. Finally, Liberty Wealth Management LLC lifted its position in CenterPoint Energy by 7,200.0% in the 4th quarter. Liberty Wealth Management LLC now owns 1,825 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 1,800 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

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