CenterPoint Energy (NYSE:CNP) received a $27.00 price objective from investment analysts at SunTrust Banks in a research note issued on Monday. The firm presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ price target would indicate a potential upside of 0.86% from the company’s previous close.

A number of other research firms have also weighed in on CNP. Zacks Investment Research lowered CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America began coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $30.00 price objective for the company. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. Finally, Citigroup lifted their price objective on CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $29.22.

CenterPoint Energy (NYSE:CNP) opened at $26.77 on Monday. The firm has a market capitalization of $11,540.00, a PE ratio of 19.40, a price-to-earnings-growth ratio of 3.01 and a beta of 0.56. CenterPoint Energy has a 52 week low of $25.51 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.91.

In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $29.39, for a total value of $29,390.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 3,000 shares of company stock valued at $85,410. 0.20% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in CNP. APG Asset Management N.V. increased its stake in shares of CenterPoint Energy by 410.6% in the 3rd quarter. APG Asset Management N.V. now owns 7,214,510 shares of the utilities provider’s stock valued at $210,736,000 after purchasing an additional 5,801,591 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of CenterPoint Energy by 145.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 4,350,657 shares of the utilities provider’s stock valued at $127,083,000 after purchasing an additional 2,578,527 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of CenterPoint Energy by 171.0% in the 3rd quarter. Wells Fargo & Company MN now owns 3,457,855 shares of the utilities provider’s stock valued at $101,004,000 after purchasing an additional 2,181,883 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of CenterPoint Energy by 108.7% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 3,665,608 shares of the utilities provider’s stock valued at $103,956,000 after purchasing an additional 1,909,129 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in CenterPoint Energy by 34.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,224,869 shares of the utilities provider’s stock worth $123,408,000 after buying an additional 1,081,782 shares during the last quarter. Hedge funds and other institutional investors own 77.85% of the company’s stock.

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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.

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

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