CenterPoint Energy (CNP) Given Daily News Impact Rating of 0.18
Press coverage about CenterPoint Energy (NYSE:CNP) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CenterPoint Energy earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.1971108483067 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- CMS Energy’s (CMS) Subsidiary Buys 24 MW Delta Solar Project (msn.com)
- Texarkana Industrial Index: 115.3 (texarkanagazette.com)
- Q3 2018 EPS Estimates for CenterPoint Energy, Inc. Boosted by Analyst (CNP) (americanbankingnews.com)
- Stock Performance Review on Gas Utilities Industry — Clean Energy Fuels, CenterPoint Energy, National Grid, and … – PR Newswire (press release) (prnewswire.com)
- CenterPoint (CNP) Presents At Wolfe Research 2017 Utilities & Power Leaders Conference – Slideshow (seekingalpha.com)
A number of brokerages have recently issued reports on CNP. SunTrust Banks, Inc. reissued a “hold” rating and issued a $30.00 price objective on shares of CenterPoint Energy in a research note on Monday. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price objective on shares of CenterPoint Energy in a research note on Monday, September 11th. BidaskClub raised shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, Zacks Investment Research cut shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. CenterPoint Energy currently has an average rating of “Hold” and a consensus target price of $28.00.
CenterPoint Energy (NYSE CNP) opened at 28.99 on Thursday. The company’s 50 day moving average is $29.57 and its 200-day moving average is $28.41. CenterPoint Energy has a 12 month low of $21.83 and a 12 month high of $30.45. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 20.71 and a beta of 0.62.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.22 by $0.07. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a net margin of 6.30% and a return on equity of 15.25%. The firm’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, analysts expect that CenterPoint Energy will post $1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 16th were issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 3.69%. The ex-dividend date was Monday, August 14th. CenterPoint Energy’s payout ratio is presently 76.98%.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $86,920. 0.20% of the stock is owned by insiders.
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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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