Centerpoint Energy Inc (NYSE:CNP) Institutional Investor Sentiment Analysis

October 11, 2018 - By Nellie Frank

CenterPoint Energy, Inc. (NYSE:CNP) Logo

Sentiment for Centerpoint Energy Inc (NYSE:CNP)

Centerpoint Energy Inc (NYSE:CNP) institutional sentiment increased to 1.1 in 2018 Q2. Its up 0.18, from 0.92 in 2018Q1. The ratio has improved, as 220 active investment managers opened new and increased holdings, while 200 reduced and sold their stakes in Centerpoint Energy Inc. The active investment managers in our partner’s database now possess: 315.77 million shares, down from 322.35 million shares in 2018Q1. Also, the number of active investment managers holding Centerpoint Energy Inc in their top 10 holdings decreased from 2 to 1 for a decrease of 1. Sold All: 44 Reduced: 156 Increased: 160 New Position: 60.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States. The company has market cap of $13.71 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 7.62 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.

The stock decreased 1.90% or $0.53 during the last trading session, reaching $27.35. About 2.76M shares traded. CenterPoint Energy, Inc. (NYSE:CNP) has declined 4.67% since October 11, 2017 and is downtrending. It has underperformed by 20.29% the S&P500.

Analysts await CenterPoint Energy, Inc. (NYSE:CNP) to report earnings on November, 2. They expect $0.41 EPS, up 5.13 % or $0.02 from last year’s $0.39 per share. CNP’s profit will be $205.49 million for 16.68 P/E if the $0.41 EPS becomes a reality. After $0.30 actual EPS reported by CenterPoint Energy, Inc. for the previous quarter, Wall Street now forecasts 36.67 % EPS growth.

Miller Howard Investments Inc Ny holds 1.91% of its portfolio in CenterPoint Energy, Inc. for 2.87 million shares. Duff & Phelps Investment Management Co owns 3.83 million shares or 1.59% of their US portfolio. Moreover, Crow Point Partners Llc has 1.57% invested in the company for 305,682 shares. The New Jersey-based Edgestream Partners L.P. has invested 1.53% in the stock. Peregrine Asset Advisers Inc., a Oregon-based fund reported 10,700 shares.

Since January 1, 0001, it had 0 insider buys, and 7 selling transactions for $2.26 million activity.

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

Ratings analysis reveals 50% of Centerpoint Energy’s analysts are positive. Out of 6 Wall Street analysts rating Centerpoint Energy, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $2700 while the high is $3000. The stock’s average target of $28.67 is 4.83% above today’s ($27.35) share price. CNP was included in 7 notes of analysts from April 16, 2018. Deutsche Bank upgraded the shares of CNP in report on Monday, May 7 to “Buy” rating. Credit Suisse upgraded the shares of CNP in report on Wednesday, May 9 to “Outperform” rating. The rating was maintained by SunTrust on Monday, April 23 with “Hold”. The stock has “Neutral” rating by JP Morgan on Tuesday, April 24. The rating was upgraded by Bank of America to “Neutral” on Thursday, June 28. The company was upgraded on Monday, October 8 by Wells Fargo. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given on Monday, April 16 by SunTrust.

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

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