News articles about CenterPoint Energy (NYSE:CNP) have been trending positive recently, Alpha One reports. Alpha One, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CenterPoint Energy earned a media sentiment score of 0.30 on Alpha One’s scale. Alpha One also assigned news stories about the utilities provider an impact score of 85 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the next several days.
Shares of CenterPoint Energy (NYSE:CNP) traded up 0.90% on Friday, reaching $28.15. The company had a trading volume of 1,444,372 shares. The firm has a 50-day moving average price of $27.79 and a 200 day moving average price of $25.25. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 28.15 and a beta of 0.56. CenterPoint Energy has a 1-year low of $20.65 and a 1-year high of $28.46.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Tuesday, February 28th. The utilities provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by $0.02. The firm earned $2.08 billion during the quarter, compared to the consensus estimate of $2.18 billion. CenterPoint Energy had a positive return on equity of 15.00% and a negative net margin of 2.46%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. Equities research analysts predict that CenterPoint Energy will post $1.30 earnings per share for the current year.
A number of equities analysts have commented on the company. Deutsche Bank AG increased their target price on CenterPoint Energy from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Barclays PLC reissued a “hold” rating and set a $27.00 target price on shares of CenterPoint Energy in a report on Monday, January 9th. TheStreet raised CenterPoint Energy from a “c+” rating to a “b-” rating in a report on Tuesday, January 10th. Royal Bank of Canada cut CenterPoint Energy from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $17.00 to $28.00 in a report on Thursday, March 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. CenterPoint Energy currently has an average rating of “Hold” and an average target price of $26.44.
In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $27.45, for a total value of $27,450.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.
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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