CenterPoint Energy (CNP) Receives Media Sentiment Rating of 0.06

News coverage about CenterPoint Energy (NYSE:CNP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CenterPoint Energy earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.9288879009372 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently issued reports on the company. Guggenheim downgraded CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Zacks Investment Research downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Citigroup upped their price target on CenterPoint Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Bank of America assumed coverage on CenterPoint Energy in a report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 price target for the company. Finally, J P Morgan Chase & Co set a $30.00 price target on CenterPoint Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.89.

Shares of CenterPoint Energy (NYSE CNP) traded down $0.06 during trading hours on Monday, reaching $28.85. The company’s stock had a trading volume of 2,837,947 shares, compared to its average volume of 2,830,189. The company has a market cap of $12,460.00, a P/E ratio of 22.07, a PEG ratio of 3.85 and a beta of 0.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77. CenterPoint Energy has a 52-week low of $23.95 and a 52-week high of $30.45.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. sell-side analysts forecast that CenterPoint Energy will post 1.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Thursday, November 16th were paid a $0.2675 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a yield of 3.71%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 77.54%.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $88,080 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

Insider Buying and Selling by Quarter for CenterPoint Energy (NYSE:CNP)

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