On Jun 29, 2018 Bank of America Upgrades CenterPoint Energy (NYSE:CNP) From “Underperform”.

June 29, 2018 - By Cynthia Ashman

CenterPoint Energy, Inc. (NYSE:CNP) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.92. That’s change of 0.12, from 2017Q4’s 1.04. 42 investors sold all, 177 reduced holdings as CenterPoint Energy, Inc. ratio is negative. 138 rose positions while 63 funds bought positions. Funds hold 322.35 million shares thus 1.74% more from 2017Q4’s 316.82 million shares.

Voya Inv Mngmt Ltd Com accumulated 879,173 shs. Franklin reported 5.17M shs. Atwood And Palmer holds 0% in CenterPoint Energy, Inc. (NYSE:CNP) or 720 shs. Ledyard Fincl Bank has invested 0.04% in CenterPoint Energy, Inc. (NYSE:CNP). 134,620 are held by Suntrust Banks. Peregrine Asset Advisers Inc has invested 0.19% of its capital in CenterPoint Energy, Inc. (NYSE:CNP). Liberty Mutual Grp Asset Incorporated reported 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). 771,028 are held by Hennessy. Credit Suisse Ag holds 0.02% in CenterPoint Energy, Inc. (NYSE:CNP) or 729,182 shs. United Capital Financial Advisers Ltd Liability Co holds 49,892 shs or 0.01% of its capital. British Columbia Investment Mgmt invested 0.1% of its capital in CenterPoint Energy, Inc. (NYSE:CNP). 550,553 are held by Dekabank Deutsche Girozentrale. Louisiana State Employees Retirement System owns 26,300 shs. Barclays Public reported 0.07% of its capital in CenterPoint Energy, Inc. (NYSE:CNP). The Alabama-based Retirement System Of Alabama has invested 0.04% in CenterPoint Energy, Inc. (NYSE:CNP).

CenterPoint Energy, Inc. had 9 insider sales and 0 insider purchases since January 2, 2018. This’s net activity of $3.30 million. On Wednesday, February 28 Shares for $1.18M were sold by CARROLL MILTON. Pound Ted also sold $84,432 worth of CenterPoint Energy, Inc. (NYSE:CNP) shs.

Bank of America Improved CenterPoint Energy (NYSE:CNP)’s Stock Rating to “Neutral”.

On Thursday, 28 June research analysts at Bank of America boosted CenterPoint Energy (NYSE:CNP)‘s shares rating to “Neutral” from “Underperform”. CNP’s rating change was reported in a research note.

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

In total 6 analysts cover Centerpoint Energy (NYSE:CNP). “Buy” rating has 2, “Sell” are 0, while 4 are “Hold”. 33% are bullish. 13 are the (NYSE:CNP)’s analyst reports since February 12, 2018 according to StockzIntelligence Inc. On Monday, April 2 the firm has “Hold” rating given by SunTrust. On Monday, March 19 the firm has “Hold” rating given by SunTrust. On Thursday, June 28 the stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Neutral” rating given by Bank of America. On Thursday, March 22 the firm earned “Sell” rating by Bank of America. On Wednesday, May 9 the firm earned “Outperform” rating by Credit Suisse. On Tuesday, April 24 the rating was maintained by JP Morgan with “Neutral”. On Monday, April 16 SunTrust maintained CenterPoint Energy, Inc. (NYSE:CNP) rating. SunTrust has “Hold” rating and $2700 target. On Tuesday, April 10 the stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Neutral” rating given by JP Morgan. On Monday, April 23 the firm earned “Hold” rating by SunTrust. On Tuesday, March 27 the firm earned “Neutral” rating by Citigroup.

Ticker’s shares touched $27.81 during the last trading session after 0.91% change.Currently CenterPoint Energy, Inc. is downtrending after 7.81% change in last June 29, 2017. CNP has 890,654 shares volume. CNP underperformed the S&P500 by 20.38%.

CenterPoint Energy, Inc. (NYSE:CNP)’s earnings report is expected on August, 2., according to Faxor. Analysts expect change of 6.90 % or $0.02 from previous year’s $0.29 EPS compared to current’s $0.31 EPS. This could reach $133.75M profit for CNP assuming the current $0.31 EPS will become reality. Wall Street sees -43.64 % negative EPS growth as of August, 2.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States.The firm is worth $12.00 billion. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.The P/E ratio is 6.83. As of December 31, 2017, this segment owned 28,883 pole miles of overhead distribution lines and 24,662 circuit miles of underground distribution lines; and 235 substations with a transformer capacity of 64,924 megavolt amperes, as well as operated 14 regional service centers.

There’s a substantial CenterPoint Energy, Inc. (NYSE:CNP) news posted by Globenewswire.com. It’s an item titled: “Investor Expectations to Drive Momentum within CenterPoint Energy, Univar, NOW, McKesson, Brinker International …” on June 27, 2018.

CenterPoint Energy, Inc. (NYSE:CNP) Institutional Investors Chart

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