Short Term Price Target on CenterPoint Energy (CNP)

CenterPoint Energy (NYSE:CNP) : 5 investment research analysts covering CenterPoint Energy (NYSE:CNP) have an average price target of $23.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $24 and the lowest target is $23 for the short term. Analysts expect the variance to be within $0.67 of the average price.

Shares of CenterPoint Energy, Inc. rose by 2.17% in the last five trading days and 6.24% for the last 4 weeks. CenterPoint Energy, Inc. is up 14.55% in the last 3-month period. Year-to-Date the stock performance stands at 34.14%. Also, Brokerage firm Wells Fargo downgrades its rating on CenterPoint Energy (NYSE:CNP). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 22, 2016.

CenterPoint Energy (NYSE:CNP) : 7 analysts are covering CenterPoint Energy (NYSE:CNP) and their average rating on the stock is 2.71, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CenterPoint Energy (NYSE:CNP): The stock was completely flat for the day, closing at $24.00 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $24.03, the stock touched an intraday high of $24.11 and a low of $23.85. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $24.00. The total trading volume on Thursday was 8,554,291.

In an insider trading activity, 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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