Today SunTrust Robinson Maintains a “Hold” Rating on Centerpoint Energy (NYSE:CNP) and a $30.0 Target Price

January 18, 2018 - By Winifred Garcia

 Today SunTrust Robinson Maintains a

Investors sentiment increased to 1.12 in Q3 2017. Its up 0.04, from 1.08 in 2017Q2. It increased, as 37 investors sold CenterPoint Energy, Inc. shares while 151 reduced holdings. 53 funds opened positions while 157 raised stakes. 323.95 million shares or 0.19% less from 324.57 million shares in 2017Q2 were reported.

First Republic Invest Management, California-based fund reported 11,753 shares. Moreover, Smithfield Communications has 0.02% invested in CenterPoint Energy, Inc. (NYSE:CNP). Franklin Res Incorporated holds 0.08% or 5.47 million shares. Hermes Inv Mgmt has 0.02% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 40,404 shares. Avalon Advsrs Ltd Liability Com holds 820,125 shares. Old Mutual Customised Solutions (Proprietary) accumulated 22,400 shares or 0.09% of the stock. Cibc Ww Markets Corp holds 0.11% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 379,288 shares. Shell Asset Management owns 61,861 shares. Umb Fincl Bank N A Mo has 0.01% invested in CenterPoint Energy, Inc. (NYSE:CNP). Next Group has 2,752 shares. 285,504 are owned by Polaris Greystone Fincl Group Incorporated Limited Liability Company. Manufacturers Life Ins The invested 0.1% in CenterPoint Energy, Inc. (NYSE:CNP). Livforsakringsbolaget Skandia Omsesidigt stated it has 0.02% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). 32,065 were accumulated by Sumitomo Mitsui Asset Mgmt Com Limited. Carroll Associates Incorporated reported 0% stake.

Since September 1, 2017, it had 0 buys, and 3 sales for $86,800 activity.

Centerpoint Energy (NYSE:CNP) Rating Reaffirmed

SunTrust Robinson now has a $30.0 target price per share on the $12.07 billion market cap company or 7.18 % upside potential. In an analyst report shared with investors on Monday morning, Centerpoint Energy (NYSE:CNP) shares have had their “Hold” Rating maintained by research professionals at SunTrust Robinson.

Investors sentiment increased to 1.12 in Q3 2017. Its up 0.04, from 1.08 in 2017Q2. It increased, as 37 investors sold CenterPoint Energy, Inc. shares while 151 reduced holdings. 53 funds opened positions while 157 raised stakes. 323.95 million shares or 0.19% less from 324.57 million shares in 2017Q2 were reported.

First Republic Invest Management, California-based fund reported 11,753 shares. Moreover, Smithfield Communications has 0.02% invested in CenterPoint Energy, Inc. (NYSE:CNP). Franklin Res Incorporated holds 0.08% or 5.47 million shares. Hermes Inv Mgmt has 0.02% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 40,404 shares. Avalon Advsrs Ltd Liability Com holds 820,125 shares. Old Mutual Customised Solutions (Proprietary) accumulated 22,400 shares or 0.09% of the stock. Cibc Ww Markets Corp holds 0.11% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 379,288 shares. Shell Asset Management owns 61,861 shares. Umb Fincl Bank N A Mo has 0.01% invested in CenterPoint Energy, Inc. (NYSE:CNP). Next Group has 2,752 shares. 285,504 are owned by Polaris Greystone Fincl Group Incorporated Limited Liability Company. Manufacturers Life Ins The invested 0.1% in CenterPoint Energy, Inc. (NYSE:CNP). Livforsakringsbolaget Skandia Omsesidigt stated it has 0.02% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). 32,065 were accumulated by Sumitomo Mitsui Asset Mgmt Com Limited. Carroll Associates Incorporated reported 0% stake.

Since September 1, 2017, it had 0 buys, and 3 sales for $86,800 activity.

CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage

Among 14 analysts covering CenterPoint (NYSE:CNP), 1 have Buy rating, 0 Sell and 13 Hold. Therefore 7% are positive. CenterPoint has $30 highest and $17 lowest target. $26.17’s average target is -6.50% below currents $27.99 stock price. CenterPoint had 30 analyst reports since August 11, 2015 according to SRatingsIntel. The company was downgraded on Monday, December 4 by Guggenheim. The firm has “Hold” rating given on Monday, October 30 by SunTrust. Deutsche Bank maintained the shares of CNP in report on Friday, November 6 with “Hold” rating. The firm earned “Sector Perform” rating on Thursday, March 16 by RBC Capital Markets. Deutsche Bank maintained CenterPoint Energy, Inc. (NYSE:CNP) on Tuesday, August 11 with “Hold” rating. The stock has “Hold” rating by Deutsche Bank on Thursday, May 12. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Underperform” rating by Credit Suisse on Tuesday, November 8. Argus Research maintained it with “Buy” rating and $22.0 target in Tuesday, January 12 report. The rating was downgraded by SunTrust to “Neutral” on Monday, January 11. As per Monday, May 9, the company rating was upgraded by Goldman Sachs.

The stock increased 0.39% or $0.11 during the last trading session, reaching $27.99. About 2.90M shares traded or 1.49% up from the average. CenterPoint Energy, Inc. (NYSE:CNP) has risen 25.54% since January 18, 2017 and is uptrending. It has outperformed by 8.84% the S&P500.

Analysts await CenterPoint Energy, Inc. (NYSE:CNP) to report earnings on February, 27. They expect $0.28 earnings per share, up 7.69 % or $0.02 from last year’s $0.26 per share. CNP’s profit will be $120.69 million for 24.99 P/E if the $0.28 EPS becomes a reality. After $0.39 actual earnings per share reported by CenterPoint Energy, Inc. for the previous quarter, Wall Street now forecasts -28.21 % negative EPS growth.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States. The company has market cap of $12.07 billion. The companyÂ’s Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. It has a 20.28 P/E ratio. As of December 31, 2016, this segment owned 28,702 pole miles of overhead distribution lines and 3,692 circuit miles of overhead transmission lines; 23,937 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 232 substations with a capacity of 60,854 megavolt amperes.

More notable recent CenterPoint Energy, Inc. (NYSE:CNP) news were published by: Nasdaq.com which released: “CenterPoint Energy Up on Capex Plan, Hiked View: Time to Buy?” on January 18, 2018, also Prnewswire.com with their article: “CenterPoint Energy to send crews to Puerto Rico in early January to help …” published on December 26, 2017, Nasdaq.com published: “Did US Tax Reform Prompt CenterPoint Energy to Hike ’17 View?” on January 05, 2018. More interesting news about CenterPoint Energy, Inc. (NYSE:CNP) were released by: Nasdaq.com and their article: “CenterPoint Energy’s 5-Year Capex Plan Reflects 18% Rise” published on January 08, 2018 as well as Prnewswire.com‘s news article titled: “CenterPoint Energy announces five-year capital investment plan” with publication date: January 05, 2018.

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