Headlines about CenterPoint Energy (NYSE:CNP) have been trending positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CenterPoint Energy earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 49 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- CenterPoint Energy: A Century Of Dividends (seekingalpha.com)
- Norges Bank Buys A Lot More CenterPoint Energy, Inc (Holdin (CNP) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- CenterPoint Energy : Awards Grants to Communities for Safety Initiatives (4-traders.com)
- BRIEF-CenterPoint Energy files to offer $500 mln aggregate principal amount of 2.50% senior notes due 2022 (uk.reuters.com)
- ETFs with exposure to CenterPoint Energy, Inc. : August 8, 2017 (finance.yahoo.com)
CenterPoint Energy (CNP) traded up 0.03% on Wednesday, hitting $29.06. The company’s stock had a trading volume of 3,691,350 shares. CenterPoint Energy has a 12 month low of $21.83 and a 12 month high of $29.45. The firm has a 50 day moving average of $27.92 and a 200-day moving average of $27.56. The stock has a market cap of $12.52 billion, a PE ratio of 26.91 and a beta of 0.64.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. On average, analysts expect that CenterPoint Energy will post $1.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be issued a $0.2675 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, August 14th. CenterPoint Energy’s payout ratio is 76.98%.
A number of equities analysts have issued reports on the company. BidaskClub upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, July 17th. J P Morgan Chase & Co assumed coverage on CenterPoint Energy in a report on Thursday, June 29th. They set a “neutral” rating and a $29.00 target price on the stock. Finally, Deutsche Bank AG raised their target price on CenterPoint Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.33.
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In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $27.66, for a total value of $27,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $84,560. 0.20% of the stock is owned by insiders.
About CenterPoint Energy
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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