Brokerage Firm Rating on CenterPoint Energy (CNP)

CenterPoint Energy (CNP) has an average broker rating of 3, which is interpreted as a Hold, as rated by 6 equity analysts. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

CenterPoint Energy (CNP) : 5 Wall Street analysts covering CenterPoint Energy (CNP) believe that the average level the stock could reach for the short term is $24.4. The maximum price target given is $27 and the minimum target for short term is around $23, hence the standard deviation is calculated at $1.52.


Company shares have received an average consensus rating of Hold for the current week CenterPoint Energy (NYSE:CNP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.67 and $22.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.70, notching a gain of 0.18% for the day. The total traded volume was 6,784,834 . The stock had closed at $22.66 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Mcgoldrick Joseph B, officer (Exec VP – Div Pres) of Centerpoint Energy Inc, had unloaded 9,000 shares at an average price of $22.23 in a transaction dated on May 13, 2016. The total value of the transaction was worth $200,070.

CenterPoint Energy, Inc. is a public utility holding company. The companys segments include: Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial, industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners, LP and a 0.1% interest in Southeast Supply Header, LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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