Analysts expect that CenterPoint Energy, Inc. will post $1.34 EPS for the current fiscal year. Wall Street is only getting more bullish on the stock, with 2 of analysts who cover CNP having a buy-equivalent rating. Its last month's stock price volatility remained 0.99% which for the week approaches 1.03%.
A number of other large investors have also added to or reduced their stakes in CNP. Teachers Advisors LLC increased its stake in CenterPoint Energy by 12.0% during the 2nd quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider's stock worth $1,076,193,000 after acquiring an additional 36,627,665 shares during the period.
The High Revenue estimate is predicted as 2.24 Million, while the Low Revenue Estimate prediction stands at 1.45 Million. Janus Capital Management LLC now owns 3,812,467 shares of the utilities provider's stock worth $105,110,000 after acquiring an additional 891,785 shares during the period.
Shares of Hasbro, Inc. Raymond James Financial Services Advisors Inc. now owns 52,079 shares of the utilities provider's stock worth $1,426,000 after buying an additional 1,791 shares in the last quarter. Russell Investments Group Ltd. now owns 1,324,644 shares of the utilities provider's stock worth $36,279,000 after purchasing an additional 622,488 shares during the period.
A number of equities research analysts have issued reports on CNP shares. Zacks Investment Research lowered shares of CenterPoint Energy from a "buy" rating to a "hold" rating in a research report on Monday, July 17th. Finally, Credit Suisse Group upgraded CenterPoint Energy from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $28.82 to $29.00 in a report on Monday, August 14th.
On October 12 JP Morgan left the stock rating at "Neutral" and raised the price expectation from $29.00 to $30.00. The stock now has a consensus rating of "Hold" and an average price target of $28.13. Federated Investors Inc. PA now owns 84,599 shares of the utilities provider's stock valued at $2,316,000 after buying an additional 52,078 shares during the period. SunTrust Banks, Inc. reiterated a "hold" rating and issued a $30.00 price objective on shares of CenterPoint Energy in a report on Monday, October 2nd.
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CenterPoint Energy, Inc. (CNP) has the market capitalization of $12.98 Billion. (CNP) opened at 29.97 on Wednesday. The share price has moved forward from its 20 days moving average, trading at a distance of 0.55% and stays 0.2% away from its 50 days moving average.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, August 3rd. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. While in the same Quarter Previous year, the Actual EPS was $0.41. Analysts anticipate that CenterPoint Energy, Inc. will post $1.33 EPS for the current year.
Contravisory Investment Management, Inc. now holds 10,368 shares with a value of $303,000. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of US & worldwide copyright and trademark legislation. The original version of this story can be accessed at https://www.truebluetribune.com/2017/10/19/centerpoint-energy-inc-cnp-shares-sold-by-employees-retirement-system-of-texas.html.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the business's stock in a transaction dated Friday, September 1st.
As of quarter end Cwm, LLC had sold a total of 154 shares trimming its stake by 60.6%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The portion of a company's profit allocated to each outstanding share of common stock was $4.63 a share in the trailing twelve months. The company's quarterly EPS surprised Wall Street by as much as 32% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.
CenterPoint Energy earned a media sentiment score of 0.15 on Accern's scale. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities.