On Jun 29, 2018 CenterPoint Energy (NYSE:CNP) Was Upgraded From “Underperform” By Bank of America.

June 29, 2018 - By Lindsey Price

CenterPoint Energy, Inc. (NYSE:CNP) Corporate Logo

Big Money Sentiment decreased to 0.92 in 2018 Q1. It has change of 0.12, from 2017Q4’s 1.04. The ratio dropped due to CenterPoint Energy, Inc. positioning: 42 sold and 177 reduced. 63 funds amassed stakes and 138 increased stakes. Investors holded 316.82 million in 2017Q4 but now own 322.35 million shares or 1.74% more.

Macquarie Gp stated it has 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). Duff Phelps Invest Mgmt Company has 1.76% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 4.11 million shs. State Of New Jersey Common Pension Fund D reported 131,000 shs. Verition Fund Ltd Liability reported 0.05% stake. Gam Hldgs Ag stated it has 12,553 shs. Ledyard Bancorporation accumulated 0.04% or 12,600 shs. 78,060 were reported by Stifel Fincl Corporation. Hightower Advsrs Ltd Liability Corporation stated it has 25,466 shs. Commercial Bank Of America Corp De reported 1.86M shs. Viking Fund Management Ltd stated it has 250,000 shs or 1.3% of all its holdings. Pinebridge Invests L P has 0.12% invested in CenterPoint Energy, Inc. (NYSE:CNP). Northern Tru holds 0.04% in CenterPoint Energy, Inc. (NYSE:CNP) or 5.51 million shs. The Norway-based Dnb Asset Management As has invested 0% in CenterPoint Energy, Inc. (NYSE:CNP). Prudential Public Ltd Liability, a Illinois-based fund reported 16,900 shs. Stratos Wealth Limited holds 0% or 3,137 shs.

CenterPoint Energy, Inc. registered $3.30 million net activity with 0 insider buys and 9 sales since January 2, 2018. On Friday, June 1 $103,000 worth of stock was sold by Prochazka Scott M. On Wednesday, February 28 43,363 shs were sold by CARROLL MILTON, worth $1.18 million.

Bank of America Upgraded CenterPoint Energy (NYSE:CNP)’s Rating to “Neutral”.

Bank of America has changed CenterPoint Energy (NYSE:CNP)‘s rating to “Neutral” from “Underperform”. The raise was made public in an analyst report on Thursday, 28 June.

CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage

In total 6 analysts cover Centerpoint Energy (NYSE:CNP). “Buy” rating has 2, “Sell” are 0, while 4 are “Hold”. 33% are bullish. 13 are the (NYSE:CNP)’s analyst reports since February 12, 2018 according to StockzIntelligence Inc. On Monday, April 23 SunTrust maintained the shares of CNP in report with “Hold” rating. On Monday, March 19 the rating was maintained by SunTrust with “Hold”. On Tuesday, April 24 the firm earned “Neutral” rating by JP Morgan. On Wednesday, May 9 the stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Outperform” rating given by Credit Suisse. On Tuesday, April 10 JP Morgan maintained CenterPoint Energy, Inc. (NYSE:CNP) rating. JP Morgan has “Neutral” rating and $29 target. On Thursday, June 28 the rating was upgraded by Bank of America to “Neutral”. On Monday, February 12 the stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given by SunTrust. The stock rating was downgraded by Bank of America to “Sell” on Thursday, March 22. On Friday, February 23 the stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Hold” rating by SunTrust. In Monday, May 7 report Deutsche Bank upgraded it to “Buy” rating and $3000 target.

CNP touched $27.81 during the last trading session after $0.25 change.Currently CenterPoint Energy, Inc. is downtrending after 7.81% change in last June 29, 2017. CNP has 890,654 shares volume. The stock underperformed the S&P 500 by 20.38%.

On August, 2 is awaited CenterPoint Energy, Inc. (NYSE:CNP)’s earnings report, Zacks reports. This year’s earnings per share analyst estimate is awaited to be $0.31. That is 6.90 % up compareed to $0.29 earnings per share for last year. If the current earnings per share of $0.31 is accurate, CNP’s profit could reach $133.75M. -43.64 % negative EPS growth is what analysts predict. $0.55 earnings per share was revealed for last quarter.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States.The firm is valued at $12.00 billion. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.6.83 is the P/E ratio. As of December 31, 2017, this segment owned 28,883 pole miles of overhead distribution lines and 24,662 circuit miles of underground distribution lines; and 235 substations with a transformer capacity of 64,924 megavolt amperes, as well as operated 14 regional service centers.

There’s a significant CenterPoint Energy, Inc. (NYSE:CNP) news posted by Globenewswire.com. It’s a report titled: “Investor Expectations to Drive Momentum within CenterPoint Energy, Univar, NOW, McKesson, Brinker International …” on June 27, 2018.

CenterPoint Energy, Inc. (NYSE:CNP) Institutional Investors Chart

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