News headlines about CenterPoint Energy (NYSE:CNP) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CenterPoint Energy earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.3652715648963 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.
These are some of the media headlines that may have effected Accern’s analysis:
CenterPoint Energy (NYSE:CNP) traded up $0.17 during trading on Thursday, hitting $27.43. The company had a trading volume of 3,610,000 shares, compared to its average volume of 3,785,179. CenterPoint Energy has a 12-month low of $25.17 and a 12-month high of $30.45. The firm has a market capitalization of $11,820.00, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 3.45 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 (NYSE:CNP) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $0.41 earnings per share. CenterPoint Energy’s revenue for the quarter was up 11.1% on a year-over-year basis. analysts expect that CenterPoint Energy will post 1.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.05%. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio is presently 77.54%.
Several research firms have recently weighed in on CNP. Bank of America began coverage on CenterPoint Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price for the company. Zacks Investment Research upgraded CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Guggenheim lowered CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $30.00 price target on CenterPoint Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $30.00 target price on shares of CenterPoint Energy in a research note on Monday, October 2nd. Ten equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. CenterPoint Energy presently has an average rating of “Hold” and an average price target of $29.13.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $28.11, for a total transaction of $28,110.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 3,000 shares of company stock valued at $87,110. Corporate insiders own 0.20% of the company’s stock.
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About CenterPoint Energy
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.
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