Short Interest Change: Centerpoint Energy Incorporated (NYSE:CNP) Can’t Be More Risky. Short Interest Increased

November 30, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Change: Centerpoint Energy Incorporated (NYSE:CNP) Can't Be More Risky. Short Interest Increased

The stock of Centerpoint Energy Incorporated (NYSE:CNP) registered an increase of 10.31% in short interest. CNP’s total short interest was 8.50M shares in November as published by FINRA. Its up 10.31% from 7.70 million shares, reported previously. With 2.45M shares average volume, it will take short sellers 4 days to cover their CNP’s short positions. The short interest to Centerpoint Energy Incorporated’s float is 1.98%. The stock decreased 0.37% or $0.09 during the last trading session, hitting $24.09. CenterPoint Energy, Inc. (NYSE:CNP) has risen 12.41% since April 27, 2016 and is uptrending. It has outperformed by 7.19% the S&P500.

CenterPoint Energy, Inc. is a public utility holding company. The company has a market cap of $10.47 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.

Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.06, from 1.3 in 2016Q1. The ratio improved, as 43 funds sold all CenterPoint Energy, Inc. shares owned while 122 reduced positions. 45 funds bought stakes while 170 increased positions. They now own 313.44 million shares or 13.41% more from 276.39 million shares in 2016Q1.
California State Teachers Retirement Systems holds 0.05% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 940,069 shares. Alps Incorporated accumulated 1.32 million shares or 0.28% of the stock. Motco has 150 shares for 0% of their US portfolio. Pacad Inv holds 0.08% or 25,000 shares in its portfolio. The Switzerland-based Credit Suisse Ag has invested 0.02% in CenterPoint Energy, Inc. (NYSE:CNP). Glenmede Trust Na owns 18,918 shares or 0% of their US portfolio. Avalon Advisors Limited Company owns 844,017 shares or 0.78% of their US portfolio. Private Asset Mngmt Inc holds 214,208 shares or 0.9% of its portfolio. Hightower Advsrs Limited Liability Corporation accumulated 20,310 shares or 0.01% of the stock. Calvert owns 100,572 shares or 0.13% of their US portfolio. Jaffetilchin Inv Prtn Ltd Liability Corp, a Florida-based fund reported 10,425 shares. Lucus Advisors accumulated 14,285 shares or 0.28% of the stock. Fort Washington Investment Oh holds 0.02% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 40,688 shares. Palisade Cap Mngmt Ltd Limited Liability Company Nj last reported 0.03% of its portfolio in the stock. Ifc Hldg Fl has 0.02% invested in the company for 8,716 shares.

Insider Transactions: Since November 8, 2016, the stock had 0 buys, and 1 insider sale for $410,481 net activity. On Tuesday, November 8 the insider MCGOLDRICK JOSEPH B sold $410,481.

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

Out of 7 analysts covering CenterPoint (NYSE:CNP), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. CenterPoint has been the topic of 16 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Macquarie Research maintained CenterPoint Energy, Inc. (NYSE:CNP) on Friday, November 6 with “Neutral” rating. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Buy” rating given on Thursday, March 24 by Argus Research. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given on Tuesday, August 11 by Deutsche Bank. The firm earned “Hold” rating on Friday, November 6 by Deutsche Bank. The firm has “Neutral” rating given on Monday, May 9 by Goldman Sachs. The firm earned “Buy” rating on Tuesday, January 12 by Argus Research. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given on Thursday, May 12 by Deutsche Bank. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Sell” rating given on Monday, October 19 by Goldman Sachs. Credit Suisse downgraded the shares of CNP in a report on Tuesday, November 8 to “Underperform” rating. The rating was downgraded by SunTrust on Monday, January 11 to “Neutral”.

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 important recent CenterPoint Energy, Inc. (NYSE:CNP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Target, Consolidated Edison and CenterPoint Energy” on November 10, 2016, also Prnewswire.com published article titled: “CenterPoint Energy signs agreement with subsidiary of Atmos Energy Corporation …”, Prnewswire.com published: “CenterPoint Energy reports third quarter 2016 earnings of $0.41 per diluted …” on November 04, 2016. More interesting news about CenterPoint Energy, Inc. (NYSE:CNP) was released by: Nasdaq.com and their article: “CenterPoint Energy, Inc. (CNP) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 07, 2016.

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By Adrian Mccoy

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