CenterPoint Energy (CNP) Getting Somewhat Critical Press Coverage, Analysis Finds

Headlines about CenterPoint Energy (NYSE:CNP) have been trending somewhat negative on Thursday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CenterPoint Energy earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.5116922606335 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of analysts recently issued reports on CNP shares. BidaskClub raised shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. J P Morgan Chase & Co set a $30.00 target price on shares of CenterPoint Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. SunTrust Banks reissued a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a research report on Monday, October 2nd. Finally, Citigroup increased their target price on shares of CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $28.89.

Shares of CenterPoint Energy (CNP) traded down $0.15 during trading hours on Thursday, reaching $28.86. 3,001,841 shares of the company’s stock traded hands, compared to its average volume of 2,828,551. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77. CenterPoint Energy has a one year low of $23.75 and a one year high of $30.45. The firm has a market capitalization of $12,461.18, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 3.85 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $0.41 earnings per share. CenterPoint Energy’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts anticipate that CenterPoint Energy will post 1.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be given a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 3.71%. The ex-dividend date is Wednesday, November 15th. CenterPoint Energy’s dividend payout ratio (DPR) is 78.10%.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 3,000 shares of company stock valued at $88,080 in the last ninety days. 0.20% of the stock is 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.

Insider Buying and Selling by Quarter for CenterPoint Energy (NYSE:CNP)

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