Ownership Action Don’t Lie: Centerpoint Energy Inc (NYSE:CNP) Stock Price Up as Sentiment Improves

November 28, 2016 - By Louis Casey   ·   0 Comments

Ownership Action Don't Lie: Centerpoint Energy Inc (NYSE:CNP) Stock Price Up as Sentiment  Improves

Sentiment for Centerpoint Energy Inc (NYSE:CNP)

Centerpoint Energy Inc (NYSE:CNP) institutional sentiment increased to 1.36 in Q2 2016. Its up 0.06, from 1.3 in 2016Q1. The ratio is more positive, as 215 investment professionals opened new and increased equity positions, while 165 decreased and sold their stakes in Centerpoint Energy Inc. The investment professionals in our partner’s database now possess: 313.44 million shares, up from 276.39 million shares in 2016Q1. Also, the number of investment professionals holding Centerpoint Energy Inc in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 43 Reduced: 122 Increased: 170 New Position: 45.

CenterPoint Energy, Inc. is a public utility holding company. The company has a market cap of $10.56 billion. The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. It currently has negative earnings. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

About 798,840 shares traded hands. CenterPoint Energy, Inc. (NYSE:CNP) has risen 13.72% since April 25, 2016 and is uptrending. It has outperformed by 7.71% the S&P500.

Analysts await CenterPoint Energy, Inc. (NYSE:CNP) to report earnings on February, 24. They expect $0.29 earnings per share, up 11.54% or $0.03 from last year’s $0.26 per share. CNP’s profit will be $126.65M for 20.84 P/E if the $0.29 EPS becomes a reality. After $0.41 actual earnings per share reported by CenterPoint Energy, Inc. for the previous quarter, Wall Street now forecasts -29.27% negative EPS growth.

According to Zacks Investment Research, “CenterPoint Energy is a domestic energy delivery company that includes electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations. They serve customers in Arkansas, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Oklahoma, Texas, and Wisconsin.”

Steadfast Advisors Lp holds 2.54% of its portfolio in CenterPoint Energy, Inc. for 172,531 shares. Steadfast Capital Management Lp owns 4.17 million shares or 2.54% of their US portfolio. Moreover, Orleans Capital Management Corp La has 1.94% invested in the company for 116,146 shares. The North Dakota-based Viking Fund Management Llc has invested 1.62% in the stock. Crestpoint Capital Management Llc, a Missouri-based fund reported 123,400 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 insider sale for $410,481 net activity.

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

Ratings analysis reveals 14% of CenterPoint’s analysts are positive. Out of 7 Wall Street analysts rating CenterPoint, 1 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $17 while the high is $25. The stock’s average target of $22.07 is -8.73% below today’s ($24.18) share price. CNP was included in 16 notes of analysts from August 11, 2015. On Monday, September 26 the stock rating was maintained by SunTrust with “Neutral”. As per Monday, October 19, the company rating was downgraded by Goldman Sachs. The rating was maintained by Macquarie Research on Friday, November 6 with “Neutral”. The firm has “Buy” rating by Argus Research given on Thursday, March 24. The stock has “Hold” rating given by Deutsche Bank on Thursday, May 12. The firm has “Neutral” rating by SunTrust given on Monday, March 7. The rating was maintained by Argus Research on Tuesday, January 12 with “Buy”. The firm has “Neutral” rating given on Tuesday, October 13 by Credit Suisse. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Neutral” rating by Goldman Sachs on Monday, May 9. On Tuesday, August 11 the stock rating was maintained by Deutsche Bank with “Hold”.

CNP Company Profile

CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Company’s operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution facilities, and own interests in Enable Midstream Partners, LP (Enable). The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers (REPs). The Company’s Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. The Company’s Energy Services segment includes non-rate regulated gas sales to, and transportation and storage services for, commercial and industrial customers. The Company’s Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. The Company’s Other Operations segment includes office buildings and other real estate used in its business and other corporate operations, which support all of its business operations.

More notable recent CenterPoint Energy, Inc. (NYSE:CNP) news were published by: Forbes.com which released: “Why CenterPoint Energy is the ‘Top Dividend Stock of the Dow Utilities’ With 4 …” on July 29, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Target, Consolidated Edison and CenterPoint Energy” published on November 10, 2016, Prnewswire.com published: “CenterPoint Energy signs agreement with subsidiary of Atmos Energy Corporation …” on October 31, 2016. More interesting news about CenterPoint Energy, Inc. (NYSE:CNP) were released by: Prnewswire.com and their article: “CenterPoint Energy reports third quarter 2016 earnings of $0.41 per diluted …” published on November 04, 2016 as well as Nasdaq.com‘s news article titled: “CenterPoint Energy, Inc. (CNP) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 07, 2016.

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By Louis Casey


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