CenterPoint Energy, Inc. (NYSE:CNP) registered a 0.75% increase, still its new closing price is 64.58% up from the company’s 1 year high of 25.75.It posted 2.93% gains in previous 5 sessions and is now the subject of 12 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 17 stock analysts following this company have an average price target at $25.07, with individual PT in the $21.00-$27.00 range. The shares moved at $25.68, implying that brokerage firms see shares gaining about 54.05% in twelve months time.
CenterPoint Energy, Inc. (CNP) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 4.22% rise year to date. A Exec VP – Div Pres at CenterPoint Energy, Inc. (CNP) offloaded shares in a transaction closed on Tuesday November 08, 2016. MCGOLDRICK JOSEPH B sold 17,236 shares in the company at $23.82 each and collected $410,001 in proceeds. MCGOLDRICK JOSEPH B now owns 108,338 shares in the company after this transaction. A Exec VP – Div Pres in the company, MCGOLDRICK JOSEPH B, disclosed a transaction on Friday May 13, 2016 that ended up generating $200,000 from the sale of 9,000 shares at $22.23 per share.
CenterPoint Energy, Inc. (NYSE:CNP) Upcoming Results on Tap
CenterPoint Energy, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.22 in that period. Sales during the quarter are predicted to arrive at $2.2 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.89 billion in revenue and EPS of $0.41. The mean forecast was for $1.87 billion and $0.36 a share, respectively. One quarter earlier, revenue for the stock was at $1.57 billion, with earnings at $0.17/share.
CenterPoint Energy, Inc. (CNP) Brokerage Update
CenterPoint Energy, Inc. (CNP) is in Credit Suisse’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Neutral by Credit Suisse, according to news reported on Tuesday November 08, 2016.Another important research note was issued by Tudor Pickering on Tuesday July 05, 2016.The firm downgraded CNP to Hold from Buy. Over the last six months and over the last three months, the shares of CenterPoint Energy, Inc. (CNP), have changed 9.83% and 15.79%, respectively.