CenterPoint Energy (CNP) Shares are Up 1.15%

CenterPoint Energy (CNP) has been under a strong bear grip, hence the stock is down -7.89% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.18% in the past 1 week. The stock has risen by 1.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.53% in the past 4 weeks.

CenterPoint Energy, Inc. is up 4.63% in the last 3-month period. Year-to-Date the stock performance stands at 29.07%. The stock has recorded a 20-day Moving Average of 1.03% and the 50-Day Moving Average is 1.72%.


CenterPoint Energy (NYSE:CNP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.74 and $22.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.83, notching a gain of 0.04% for the day. The total traded volume was 5,258,848 . The stock had closed at $22.82 on the previous day.

Also, Equity Analysts at the Deutsche Bank maintains the rating on CenterPoint Energy (NYSE:CNP). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $24.5 per share to $24 per share. The rating by the firm was issued on August 8, 2016.

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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