CenterPoint Energy (NYSE:CNP) Gets Higher Rating By Bank of America.

June 29, 2018 - By Roy Fason

CenterPoint Energy, Inc. (NYSE:CNP) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.92. That’s change of 0.12, from 2017Q4’s 1.04. 42 investors sold all, 177 reduced holdings as CenterPoint Energy, Inc. ratio dived. 138 increased positions while 63 funds took positions. Funds hold 322.35 million shares thus 1.74% more from 2017Q4’s 316.82 million shares.

Miller Howard invested in 1.93% or 2.98M shs. Livforsakringsbolaget Skandia Omsesidigt reported 6,209 shs or 0.03% of all its holdings. Clinton Gru owns 167,304 shs. Atlantic Gp Lc holds 0% of its capital in CenterPoint Energy, Inc. (NYSE:CNP) for 1,357 shs. Voloridge Invest Mgmt Lc has invested 0.04% in CenterPoint Energy, Inc. (NYSE:CNP). Murphy Cap Mngmt accumulated 169,974 shs. Conning Inc has 10,622 shs for 0.01% of their capital. Caisse De Depot Et Placement Du Quebec has invested 0% in CenterPoint Energy, Inc. (NYSE:CNP). Raymond James And Assoc holds 0.01% in CenterPoint Energy, Inc. (NYSE:CNP) or 223,716 shs. Envestnet Asset Mngmt Inc has 206,779 shs for 0.02% of their capital. First Interstate Bancorporation reported 0% in CenterPoint Energy, Inc. (NYSE:CNP). Visionary Asset Mngmt invested in 10,219 shs or 0.09% of the stock. Janney Montgomery Scott Ltd holds 0% of its capital in CenterPoint Energy, Inc. (NYSE:CNP) for 17,886 shs. 16,438 were accumulated by Jump Trading Limited Liability. Robeco Institutional Asset Mgmt Bv owns 2.67M shs or 0.34% of their US capital.

CenterPoint Energy, Inc. registered $3.30 million net activity with 0 insider buys and 9 insider sales since January 2, 2018. 43,363 shs were sold by CARROLL MILTON, worth $1.18 million. On Tuesday, May 8 3,200 shs were sold by Pound Ted, worth $84,432.

Bank of America Increased CenterPoint Energy (NYSE:CNP)’s Stock Rating to “Neutral”.

The shares rating of CenterPoint Energy (NYSE:CNP) was boosted to “Neutral” from “Underperform” by equity research analysts at Bank of America. On Thursday morning the upgrade was made public in a research note.

CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage

In total 6 analysts cover Centerpoint Energy (NYSE:CNP). “Buy” rating has 2, “Sell” are 0, while 4 are “Hold”. (NYSE:CNP) has 33% bullish analysts. 13 are the (NYSE:CNP)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Tuesday, April 24 JP Morgan maintained CenterPoint Energy, Inc. (NYSE:CNP) rating. JP Morgan has “Neutral” rating and $28 target. In Monday, April 23 report SunTrust maintained the stock with “Hold” rating. On Friday, February 23 SunTrust maintained CenterPoint Energy, Inc. (NYSE:CNP) with “Hold” rating. On Monday, February 12 the rating was maintained by SunTrust with “Hold”. In Monday, May 7 report Deutsche Bank upgraded it to “Buy” rating and $3000 target. On Thursday, June 28 the stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Neutral” rating given by Bank of America. In Thursday, March 22 report Bank of America downgraded it to “Sell” rating and $27.0 target. On Tuesday, March 27 the firm earned “Neutral” rating by Citigroup. On Monday, March 19 the rating was maintained by SunTrust with “Hold”. The stock rating was maintained by JP Morgan with “Neutral” on Tuesday, April 10.

CNP reached $27.81 during the last trading session after $0.25 change.CenterPoint Energy, Inc. has volume of 890,654 shares. Since June 29, 2017 CNP has declined 7.81% and is downtrending. The stock underperformed the S&P500 by 20.38%.

On August, 2 CenterPoint Energy, Inc. (NYSE:CNP)’s earnings report is anticipated by WallStreet, according to RTT. This year’s earnings per share analyst estimate is anticipated to be $0.31. That is 6.90 % up compareed to $0.29 earnings per share for last year. If earnings per share of $0.31 is revealed the profit of CNP could reach $133.75 million giving it 22.43 P/E. Analysts at Wall Street see CenterPoint Energy, Inc.’s -43.64 % negative EPS growth compared to $0.55 earnings per share for last quarter.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States.The firm is valued at $12.00 billion. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.6.83 is the P/E ratio. As of December 31, 2017, this segment owned 28,883 pole miles of overhead distribution lines and 24,662 circuit miles of underground distribution lines; and 235 substations with a transformer capacity of 64,924 megavolt amperes, as well as operated 14 regional service centers.

There’s a significant CenterPoint Energy, Inc. (NYSE:CNP) news announced by Globenewswire.com. It’s a report titled: “Investor Expectations to Drive Momentum within CenterPoint Energy, Univar, NOW, McKesson, Brinker International …” on June 27, 2018.

CenterPoint Energy, Inc. (NYSE:CNP) Institutional Investors Chart

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