Price Target Update on CenterPoint Energy (NYSE:CNP)

CenterPoint Energy (NYSE:CNP) stock is expected to deviate a maximum of $0.55 from the average target price of $23.1 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $23.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on CenterPoint Energy (NYSE:CNP). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $21 per share to $22.5 per share. The rating by the firm was issued on May 12, 2016.

CenterPoint Energy (NYSE:CNP): stock turned positive on Thursday. Though the stock opened at $23.34, the bulls momentum made the stock top out at $23.5 level for the day. The stock recorded a low of $23.21 and closed the trading day at $23.49, in the green by 1.08%. The total traded volume for the day was 2,829,582. The stock had closed at $23.24 in the previous days trading.

The company shares have rallied 21.29% from its 1 Year high price. On Jun 21, 2016, the shares registered one year high at $23.67 and the one year low was seen on Dec 11, 2015. The 50-Day Moving Average price is $22.49 and the 200 Day Moving Average price is recorded at $19.97. On the companys insider trading activities, Mcgoldrick Joseph B, officer (Exec VP – Div Pres) of Centerpoint Energy Inc, unloaded 9,000 shares at an average price of $22.23 on May 13, 2016. The total amount of the transaction was worth $200,070, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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