Research Analysts’ Weekly Ratings Updates for Houston Lighting & Power (CNP)

A number of research firms have changed their ratings and price targets for Houston Lighting & Power (NYSE: CNP):

  • 5/9/2018 – Houston Lighting & Power was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating. They now have a $30.00 price target on the stock, up previously from $27.00.
  • 5/9/2018 – Houston Lighting & Power was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CenterPoint Energy kick started 2018 on a solid note, with both its first-quarter earnings as well as revenues having surpassed the respective Zacks Consensus Estimate. The company has been strengthening its infrastructure through regular capital investment and acquisitions, which will help it to meet the requirements of an expanding customer base as well as upgrade infrastructure and improve its reliability. On account of the increased capital expenditure plan, it now targets 5-7% annual EPS growth through 2019 and 2020. Toward this end, the company currently expects to invest $8.2 billion from 2018 through 2022.  However, its results are subject to the impact of weather patterns, regulatory and judicial proceedings along with fluctuating commodity prices. Moreover, the company’s debt levels increase its vulnerability to adverse economic conditions. This may have led the company to underperform its broader industry in the last one year.”
  • 5/7/2018 – Houston Lighting & Power was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating.
  • 5/2/2018 – Houston Lighting & Power was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/25/2018 – Houston Lighting & Power is now covered by analysts at Bank of America. They set a “neutral” rating and a $25.00 price target on the stock.
  • 4/25/2018 – Houston Lighting & Power was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CenterPoint Energy has been strengthening its infrastructure through regular capital investment and acquisitions, which will help it to meet the requirements of an expanding customer base as well as upgrade infrastructure and improve its reliability. On account of the increased capital expenditure plan, it now targets 5-7% annual EPS growth through 2019 and 2020. Toward this end, the company currently expects to invest $8.2 billion from 2018 through 2022.  However, its results are subject to the impact of weather patterns, regulatory and judicial proceedings along with fluctuating commodity prices. A substantial portion of CenterPoint Energy’s operations are located along the gulf coast of the U.S., a high-risk area with strong hurricane activity. This exposes the company’s utility plants to damage and expenditures associated with storm-related restoration. It also underperformed its broader industry in the last one year.”
  • 4/24/2018 – Houston Lighting & Power had its price target lowered by analysts at JPMorgan Chase from $29.00 to $28.00. They now have a “neutral” rating on the stock.
  • 4/23/2018 – Houston Lighting & Power had its “hold” rating reaffirmed by analysts at SunTrust Banks. They now have a $28.00 price target on the stock.
  • 4/16/2018 – Houston Lighting & Power had its “hold” rating reaffirmed by analysts at SunTrust Banks. They now have a $27.00 price target on the stock.
  • 4/10/2018 – Houston Lighting & Power had its price target raised by analysts at JPMorgan Chase from $28.00 to $29.00. They now have a “neutral” rating on the stock.
  • 3/27/2018 – Houston Lighting & Power had its price target lowered by analysts at Citigroup from $30.00 to $27.00. They now have a “neutral” rating on the stock.
  • 3/22/2018 – Houston Lighting & Power was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating.
  • 3/19/2018 – Houston Lighting & Power was given a new $27.00 price target on by analysts at SunTrust Banks. They now have a “hold” rating on the stock.

Houston Lighting & Power opened at $25.29 on Friday, according to Marketbeat.com. Houston Lighting & Power has a 1-year low of $25.55 and a 1-year high of $25.88. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.17 and a quick ratio of 1.07. The stock has a market capitalization of $11.00 billion, a PE ratio of 18.46, a P/E/G ratio of 3.04 and a beta of 0.50.

Houston Lighting & Power (NYSE:CNP) last announced its quarterly earnings results on Friday, May 4th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. Houston Lighting & Power had a return on equity of 16.22% and a net margin of 17.59%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the business earned $0.37 EPS. Houston Lighting & Power’s revenue was up 15.4% compared to the same quarter last year. equities research analysts forecast that Houston Lighting & Power will post 1.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a dividend of $0.2775 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.11 dividend on an annualized basis and a yield of 4.39%. Houston Lighting & Power’s dividend payout ratio is presently 81.02%.

In related news, insider Milton Carroll sold 43,363 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $27.20, for a total transaction of $1,179,473.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ted Pound sold 3,200 shares of the business’s stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $26.39, for a total value of $84,448.00. Following the transaction, the director now owns 18,302 shares in the company, valued at approximately $482,989.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,342 shares of company stock worth $3,139,484. 0.22% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. APG Asset Management N.V. grew its holdings in shares of Houston Lighting & Power by 24.3% during the 4th quarter. APG Asset Management N.V. now owns 8,968,519 shares of the utilities provider’s stock worth $211,815,000 after acquiring an additional 1,754,009 shares during the period. Geode Capital Management LLC lifted its stake in shares of Houston Lighting & Power by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 5,188,640 shares of the utilities provider’s stock worth $146,888,000 after buying an additional 394,206 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Houston Lighting & Power by 22.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,241,916 shares of the utilities provider’s stock worth $120,301,000 after buying an additional 784,061 shares during the period. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Houston Lighting & Power by 108.7% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 3,665,608 shares of the utilities provider’s stock worth $103,956,000 after buying an additional 1,909,129 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Houston Lighting & Power by 9.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,688,457 shares of the utilities provider’s stock worth $76,247,000 after buying an additional 238,962 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

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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