CenterPoint Energy (CNP): Price Target and June Short Interest Disclosure

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 $23.5. The maximum price target given is $25 and the minimum target for short term is around $23, hence the standard deviation is calculated at $1.

CenterPoint Energy (CNP), A drop of 1,546,622 shares or 10.8% was seen in the short interest of Centerpoint Energy Inc. Even as the interest dropped from 14,363,750 shares on June 15,2016 to 12,817,128 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 3.2% of the stocks floats. The stock has seen an average daily volume of 4,154,802 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Tudor Pickering downgrades its outlook on CenterPoint Energy (NYSE:CNP). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 5, 2016.


CenterPoint Energy (NYSE:CNP): On Thursdays trading session , Opening price of the stock was $23.84 with an intraday high of $23.92. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.55. However, the stock managed to close at $23.66, a loss of 1.17% for the day. On the previous day, the stock had closed at $23.94. The total traded volume of the day was 3,415,990 shares.

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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