News headlines about CenterPoint Energy (NYSE:CNP) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CenterPoint Energy earned a news impact score of 0.32 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 94 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- CenterPoint Energy, Inc. :CNP-US: Earnings Analysis: Q1, 2017 By the Numbers : June 20, 2017 (finance.yahoo.com)
- CENTERPOINT ENERGY INC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- BRIEF-Centerpoint Energy Inc enters into a first amendment to amended and restated credit agreement (reuters.com)
- CenterPoint Energy names 2016 Energy Efficiency Achievement Award recipients (electricenergyonline.com)
- CenterPoint Energy, Inc. (CNP) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
CenterPoint Energy (NYSE:CNP) traded down 1.04% during mid-day trading on Tuesday, hitting $28.41. 4,119,900 shares of the company were exchanged. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 26.31 and a beta of 0.62. The firm has a 50 day moving average price of $28.06 and a 200 day moving average price of $26.86. CenterPoint Energy has a 12 month low of $21.83 and a 12 month high of $29.08.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Friday, May 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.14 billion. CenterPoint Energy had a return on equity of 15.20% and a net margin of 5.68%. CenterPoint Energy’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 earnings per share. Analysts anticipate that CenterPoint Energy will post $1.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, May 12th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 100.00%.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Friday. BidaskClub cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Deutsche Bank AG lifted their target price on shares of CenterPoint Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC lifted their target price on shares of CenterPoint Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, March 20th. Finally, Royal Bank Of Canada cut shares of CenterPoint Energy from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $17.00 to $28.00 in a research note on Thursday, March 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $27.50.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $27.45, for a total transaction of $27,450.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.
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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