Centerpoint Energy Inc (NYSE:CNP) Rating Restated
Stock analysts at Suntrust Robinson have $25.00 TP on Centerpoint Energy Inc (NYSE:CNP). Suntrust Robinson’s TP means a potential upside of 2.88 % from the company’s last stock close. The rating was disclosed in a report on Monday, 26 September.
Out of 12 brokers covering Centerpoint Energy Inc., 5 rate it a Buy, 9 indicate a Hold while 0 suggest a Sell. The highest target is $26 and the lowest is $19 according to Thomson/First Call. The 12-month mean target is $22.54, which means downside potential of 7.28% over the current price.
NYSE:CNP Price Chart & Trend
The stock price of Centerpoint Energy Inc. has risen 48.04% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Centerpoint Energy Inc. is up 3.42% and up 12.83%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Teilinger Capital Ltd. had the most significant stake with ownership of 233,875 shares as of q2 2015 for 7.52% of the fund portfolio. Longbow Capital Partners L.P. is another notably bullish investment professional who is having 98,300 shares of Centerpoint Energy Inc. or 5.04% of their fund portfolio. In addition, Partners Group Holding Ag have 4.35% of their fund portfolio invested in the company for 910,900 shares. The New York-based fund Centerbridge Partners L.P. revealed it had purchased so far a stake worth about 2.84% of the investment professional’s stock portfolio in Centerpoint Energy Inc.. The Texas-based fund Mitchell Group Inc is also positive about the stock, possessing 3.47 million shares or 2.3% of their fund portfolio.
Centerpoint Energy Inc (NYSE:CNP) Profile
CenterPoint Energy, Inc. is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
Centerpoint Energy Inc (NYSE:CNP) traded up 0.50% on 26 September, hitting $24.31. A total of 986,694 shares of the company’s stock traded hands. This is down from average of 3.79 million shares. Centerpoint Energy Inc. has a 52 week low of $16.05 and a 52 week high of $24.71. The company has a market cap of $10.50 billion and a P/E ratio of 0.
Get the latest Centerpoint Energy Inc (NYSE:CNP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post New York: Centerpoint Energy Inc (NYSE:CNP)’s Stock Had Its Neutral Rating Restated at Suntrust Robinson in Report Issued Today. Has $25.00 Target appeared first on Octafinance.