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

June 29, 2018 - By Matthew Medley

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

Big Money Sentiment decreased to 0.92 in Q1 2018. It has change of 0.12, from 2017Q4’s 1.04. The ratio dived due to CenterPoint Energy, Inc. positioning: 42 sold and 177 reduced. 63 funds acquired stakes and 138 increased stakes. Investors holded 316.82 million in 2017Q4 but now own 322.35 million shares or 1.74% more.

Principal Fincl Group invested in 0.04% or 1.38M shs. Employees Retirement Systems Of Ohio reported 185,773 shs or 0.03% of all its holdings. Churchill Mgmt Corp, a California-based fund reported 703,084 shs. Kcm Invest Advsrs Ltd Liability owns 65,002 shs. Argyle Capital Management, a Pennsylvania-based fund reported 10,600 shs. Janney Montgomery Scott Ltd Limited Liability Company holds 0% or 17,886 shs. Dimensional Fund Advisors L P owns 1.07M shs for 0.01% of their capital. Amalgamated Bankshares accumulated 53,670 shs. Jpmorgan Chase & has invested 0.03% of its capital in CenterPoint Energy, Inc. (NYSE:CNP). Moreover, Natl Bank Of America De has 0.01% invested in CenterPoint Energy, Inc. (NYSE:CNP). Ballentine Ptnrs Limited Co holds 0.01% of its capital in CenterPoint Energy, Inc. (NYSE:CNP) for 8,971 shs. Ferguson Wellman Mngmt Inc accumulated 583,710 shs. Voloridge Invest Management holds 59,650 shs. Campbell And Inv Adviser Ltd Co holds 0.4% in CenterPoint Energy, Inc. (NYSE:CNP) or 17,300 shs. Jump Trading Limited Com reported 16,438 shs or 0.04% of all its holdings.

CenterPoint Energy, Inc. registered $3.30 million net activity with 0 buys and 9 selling transactions since January 2, 2018. Shares for $1.18M were sold by CARROLL MILTON on Wednesday, February 28. Another trade for 3,200 shs valued at $84,432 was sold by Pound Ted.

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

CenterPoint Energy (NYSE:CNP)‘s rating change was reported by Equities researchers at Bank of America. On Thursday morning they have upgraded CNP’s rating to Neutral from Underperform.

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

Total analysts of 6 have positions in Centerpoint Energy (NYSE:CNP) as follows: 2 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 33%. Since February 12, 2018 according to StockzIntelligence Inc Centerpoint Energy has 13 analyst reports. On Tuesday, April 10 the rating was maintained by JP Morgan with “Neutral”. On Friday, February 23 the stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Hold” rating by SunTrust. On Thursday, June 28 the firm has “Neutral” rating given by Bank of America. On Wednesday, May 9 the firm earned “Outperform” rating by Credit Suisse. On Monday, April 16 SunTrust maintained the shares of CNP in report with “Hold” rating. On Monday, February 12 the firm has “Hold” rating by SunTrust given. On Monday, April 2 the rating was maintained by SunTrust with “Hold”. On Monday, May 7 the firm has “Buy” rating by Deutsche Bank given. On Thursday, March 22 the stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Sell” rating given by Bank of America. On Monday, April 23 the firm has “Hold” rating given by SunTrust.

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

CenterPoint Energy, Inc. (NYSE:CNP)’s earnings report is expected by WallStreet on August, 2, according to Zacks. The EPS diference is $0.02 or 6.90 % up from last years number. Previous year: $0.29; Analysts forcast: $0.31. If CNP’s EPS is $0.31 the profit will be $133.75M for 22.43 P/E. After $0.55 EPS report last quarter, Wall Street now forecasts -43.64 % negative EPS growth of CenterPoint Energy, Inc..

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 significant CenterPoint Energy, Inc. (NYSE:CNP) news posted by Globenewswire.com. It’s a report 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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