News headlines about CenterPoint Energy (NYSE:CNP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. 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 0.13 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 44.8795448971488 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
CNP has been the topic of a number of recent analyst reports. Bank of America initiated coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price on the stock. Zacks Investment Research cut CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Citigroup boosted their price objective on CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Guggenheim cut 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. Finally, SunTrust Banks restated a “hold” rating and issued a $28.00 price objective on shares of CenterPoint Energy in a research note on Tuesday, December 26th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.11.
Shares of CenterPoint Energy (NYSE CNP) traded up $0.15 during trading on Friday, reaching $26.91. The company had a trading volume of 3,042,858 shares, compared to its average volume of 4,150,229. CenterPoint Energy has a fifty-two week low of $25.51 and a fifty-two week high of $30.45. The company has a market cap of $11,599.13, a PE ratio of 19.64, a P/E/G ratio of 3.03 and a beta of 0.56. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.2775 dividend. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s payout ratio is currently 81.02%.
In related news, CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $28.11, for a total value of $28,110.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 3,000 shares of company stock worth $85,410 over the last 90 days. 0.20% of the stock is currently owned by company insiders.
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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.
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