On Jun 29, 2018 CenterPoint Energy (NYSE:CNP) Was Upgraded From “Underperform” By Bank of America.

June 29, 2018 - By Joseph Taylor

CenterPoint Energy, Inc. (NYSE:CNP) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.92. That’s change of 0.12, from 2017Q4’s 1.04. 42 investors sold all, 177 reduced holdings as CenterPoint Energy, Inc. ratio dived. 138 rose stakes while 63 funds amassed stakes. Funds hold 322.35 million shares thus 1.74% more from 2017Q4’s 316.82 million shares.

Moreover, Pnc Serv Group has 0% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 115,928 shs. Cullen Frost Bankers holds 18,392 shs. Edgemoor accumulated 161,921 shs. Rare Infrastructure Ltd has 3,599 shs. Hightower Advsrs Limited holds 25,466 shs. Stadion Money Mgmt Ltd Liability accumulated 10,921 shs or 0.01% of the stock. Community Financial Svcs Grp Ltd Liability Com accumulated 9,939 shs. Delta Asset Ltd Tn accumulated 0.01% or 1,317 shs. Putnam Invs Limited Liability Corp invested in 346,109 shs or 0.02% of the stock. Captrust Fincl stated it has 98,914 shs or 0.17% of all its holdings. Zeke Capital Advsr Ltd Llc has 18,268 shs. Moreover, Eaton Vance Mngmt has 0% invested in CenterPoint Energy, Inc. (NYSE:CNP). 771,028 are held by Hennessy Inc. Bluemountain Mgmt Ltd holds 0.03% or 50,702 shs. Kcm Advisors Limited Liability Co has invested 0.11% in CenterPoint Energy, Inc. (NYSE:CNP).

CenterPoint Energy, Inc. had 9 selling transactions and 0 insider buys since January 2, 2018. This’s net activity of $3.30 million. On Wednesday, February 28 a trade for 43,363 shs valued at $1.18 million was made by CARROLL MILTON. On Tuesday, May 8 Shares for $84,432 were sold by Pound Ted.

Bank of America Upped CenterPoint Energy (NYSE:CNP)’s Stock Rating to “Neutral”.

Bank of America has changed CenterPoint Energy (NYSE:CNP)‘s rating to “Neutral” from “Underperform”. The increase was announced in a research note on Thursday morning.

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

A total of 6 analysts rate Centerpoint Energy (NYSE:CNP) as follows: 2 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 33% are bullish. (NYSE:CNP) has 13 ratings reports on Jun 29, 2018 according to StockzIntelligence. The company rating was upgraded by Bank of America on Thursday, June 28. On Monday, March 19 SunTrust maintained the shares of CNP in report with “Hold” rating. On Thursday, March 22 the firm has “Sell” rating by Bank of America given. In Friday, February 23 report SunTrust maintained it with “Hold” rating and $28.0 target. On Tuesday, March 27 the firm has “Neutral” rating given by Citigroup. On Monday, February 12 the stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given by SunTrust. On Monday, May 7 the firm has “Buy” rating given by Deutsche Bank. On Tuesday, April 24 the firm has “Neutral” rating given by JP Morgan. On Tuesday, April 10 the firm earned “Neutral” rating by JP Morgan. On Wednesday, May 9 the firm has “Outperform” rating by Credit Suisse given.

The stock increased 0.91% or $0.25 during the last trading session, reaching $27.81.Currently CenterPoint Energy, Inc. is downtrending after 7.81% change in last June 29, 2017. CNP has 890,654 shares volume. The stock underperformed the S&P 500 by 20.38%.

On August, 2 WallStreet anticipated CenterPoint Energy, Inc. (NYSE:CNP)’s earnings report, as reported by RTT. Analysts forecast $0.31 earnings per share, which is $0.02 up or 6.90 % from 2017’s $0.29 earnings per share. CNP’s profit could hit $133.75M if the current earnings per share of $0.31 is accurate. -43.64 % negative EPS growth is what Wall Street’s forecasts after $0.55 reported EPS previous quarter.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States.The firm is valued at $12.00 billion. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.The P/E ratio is 6.83. As of December 31, 2017, this segment owned 28,883 pole miles of overhead distribution lines and 24,662 circuit miles of underground distribution lines; and 235 substations with a transformer capacity of 64,924 megavolt amperes, as well as operated 14 regional service centers.

There’s a significant CenterPoint Energy, Inc. (NYSE:CNP) news posted by Globenewswire.com. It’s an article titled: “Investor Expectations to Drive Momentum within CenterPoint Energy, Univar, NOW, McKesson, Brinker International …” on June 27, 2018.

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

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