Could Centerpoint Energy Inc (holding Co) (NYSE:CNP) Go Up After Its Newest Short Interest Report?

May 23, 2018 - By Dolores Ford

CenterPoint Energy, Inc. (NYSE:CNP) Logo

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.08, from 1.12 in 2017Q3. It is negative, as 24 investors sold CenterPoint Energy, Inc. shares while 166 reduced holdings. 48 funds opened positions while 149 raised stakes. 316.82 million shares or 2.20% less from 323.95 million shares in 2017Q3 were reported.
Evercore Wealth Ltd owns 374 shares for 0% of their portfolio. Ing Groep Nv has invested 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). The New York-based Edge Wealth Ltd Limited Liability Company has invested 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). Moreover, Wealthtrust has 0% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 200 shares. Ativo Capital Limited Liability Com owns 78,525 shares for 0.59% of their portfolio. 1.65M were reported by Barclays Public Limited Liability Corp. Kbc Gp Nv reported 1.74M shares or 0.42% of all its holdings. Buckingham Asset Management Lc reported 9,596 shares or 0.06% of all its holdings. Mirae Asset Glob Invests stated it has 0.06% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Deutsche Retail Bank Ag owns 2.99 million shares. 10,100 were reported by Mraz Amerine And. Metropolitan Life Insurance Ny accumulated 66,776 shares. Department Mb Retail Bank N A holds 20,000 shares. Envestnet Asset Inc reported 0.02% in CenterPoint Energy, Inc. (NYSE:CNP). Fifth Third Comml Bank owns 266,768 shares for 0.05% of their portfolio.

Since January 2, 2018, it had 0 buys, and 8 sales for $3.20 million activity. Prochazka Scott M also sold $26,990 worth of CenterPoint Energy, Inc. (NYSE:CNP) on Thursday, March 1. 3,200 shares were sold by Pound Ted, worth $84,432.

The stock of Centerpoint Energy Inc (holding Co) (NYSE:CNP) registered an increase of 5.82% in short interest. CNP’s total short interest was 11.76 million shares in May as published by FINRA. Its up 5.82% from 11.12M shares, reported previously. With 6.23 million shares average volume, it will take short sellers 2 days to cover their CNP’s short positions. The short interest to Centerpoint Energy Inc (holding Co)’s float is 2.74%.

The stock increased 1.08% or $0.275 during the last trading session, reaching $25.685. About 1.37 million shares traded. CenterPoint Energy, Inc. (NYSE:CNP) has declined 2.17% since May 23, 2017 and is downtrending. It has underperformed by 13.72% the S&P500.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States. The company has market cap of $11.08 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 6.22 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.

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

Among 7 analysts covering CenterPoint Energy (NYSE:CNP), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. CenterPoint Energy had 14 analyst reports since December 4, 2017 according to SRatingsIntel. The company was maintained on Monday, April 23 by SunTrust. As per Tuesday, March 27, the company rating was maintained by Citigroup. SunTrust maintained it with “Hold” rating and $27.0 target in Monday, March 19 report. SunTrust maintained it with “Hold” rating and $27.0 target in Monday, February 12 report. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given on Tuesday, December 26 by SunTrust. As per Thursday, March 22, the company rating was downgraded by Bank of America. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Neutral” rating by JP Morgan on Tuesday, April 10. The rating was upgraded by Deutsche Bank on Monday, May 7 to “Buy”. The firm earned “Neutral” rating on Monday, December 4 by Guggenheim. The company was maintained on Tuesday, April 24 by JP Morgan.

More news for CenterPoint Energy, Inc. (NYSE:CNP) were recently published by: Seekingalpha.com, which released: “CenterPoint Energy On Point In 2018” on April 30, 2018. Seekingalpha.com‘s article titled: “Dissecting CenterPoint’s Acquisition Of Vectren Corp.” and published on April 24, 2018 is yet another important article.

CenterPoint Energy, Inc. (NYSE:CNP) Institutional Positions Chart

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