SunTrust Banks restated their hold rating on shares of CenterPoint Energy (NYSE:CNP) in a report released on Tuesday morning. They currently have a $28.00 price objective on the utilities provider’s stock.

CNP has been the subject of several other research reports. Zacks Investment Research downgraded shares of CenterPoint Energy from a buy rating to a hold rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. set a $30.00 price objective on shares of CenterPoint Energy and gave the stock a hold rating in a research report on Thursday, October 12th. Citigroup boosted their price objective on shares of CenterPoint Energy from $27.00 to $30.00 and gave the stock a neutral rating in a research report on Monday, November 20th. Bank of America initiated coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They set a neutral rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada restated a hold rating and set a $29.00 price objective on shares of CenterPoint Energy in a research report on Monday, September 11th. Ten analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $29.13.

Shares of CenterPoint Energy (NYSE CNP) opened at $28.36 on Tuesday. The firm has a market cap of $12,133.59, a P/E ratio of 20.70, a PEG ratio of 3.75 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. CenterPoint Energy has a 12-month low of $24.45 and a 12-month high of $30.45.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. CenterPoint Energy had a net margin of 8.06% and a return on equity of 18.88%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. research analysts expect that CenterPoint Energy will post 1.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.2775 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 14th. This represents a $1.11 annualized dividend and a yield of 3.91%. CenterPoint Energy’s dividend payout ratio is 78.10%.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.08, for a total value of $29,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 3,000 shares of company stock valued at $88,080. 0.20% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in CNP. Tortoise Investment Management LLC purchased a new stake in CenterPoint Energy in the 3rd quarter valued at $120,000. Paradigm Asset Management Co. LLC increased its stake in CenterPoint Energy by 2.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock valued at $126,000 after buying an additional 100 shares during the period. IHT Wealth Management LLC acquired a new position in CenterPoint Energy in the 2nd quarter valued at $153,000. Pinebridge Investments L.P. acquired a new position in CenterPoint Energy in the 2nd quarter valued at $154,000. Finally, Eagle Ridge Investment Management acquired a new position in CenterPoint Energy in the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 77.70% of the company’s stock.

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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.

Analyst Recommendations for CenterPoint Energy (NYSE:CNP)

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