CenterPoint Energy, Inc. (NYSE:CNP) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.83.
A number of brokerages have weighed in on CNP. Wells Fargo & Co reiterated a “buy” rating on shares of CenterPoint Energy in a research report on Friday, November 9th. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Barclays set a $31.00 target price on shares of CenterPoint Energy and gave the stock a “hold” rating in a research report on Saturday, November 17th. ValuEngine lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, SunTrust Banks reiterated a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a research report on Monday, August 6th.
NYSE CNP opened at $27.65 on Friday. CenterPoint Energy has a 52-week low of $24.81 and a 52-week high of $30.17. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market cap of $13.86 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.96 and a beta of 0.43.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.01%. CenterPoint Energy’s dividend payout ratio (DPR) is currently 81.02%.
In other news, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $27.09, for a total value of $108,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. boosted its position in shares of CenterPoint Energy by 1,372.0% in the second quarter. Braun Bostich & Associates Inc. now owns 4,151 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 3,869 shares during the period. Ropes Wealth Advisors LLC bought a new position in shares of CenterPoint Energy in the second quarter valued at approximately $130,000. Signet Financial Management LLC raised its stake in CenterPoint Energy by 649.6% in the second quarter. Signet Financial Management LLC now owns 5,322 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 4,612 shares in the last quarter. FNY Investment Advisers LLC raised its stake in CenterPoint Energy by 2,962.2% in the third quarter. FNY Investment Advisers LLC now owns 6,400 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 6,191 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in CenterPoint Energy by 422.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,396 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 5,171 shares in the last quarter. Institutional investors own 69.97% of the company’s stock.
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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