CenterPoint Energy (CNP) : Analyst Rating Update

CenterPoint Energy (CNP) : Zacks Investment Research ranks CenterPoint Energy (CNP) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.71, which indicates as a Hold.

CenterPoint Energy (CNP) : 5 investment research analysts covering CenterPoint Energy (CNP) have an average price target of $23.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $24 and the lowest target is $23 for the short term. Analysts expect the variance to be within $0.67 of the average price.

CenterPoint Energy (NYSE:CNP): The stock was completely flat for the day, closing at $24.05 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $24.00, the stock touched an intraday high of $24.11 and a low of $23.79. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $24.05. The total trading volume on Wednesday was 5,879,797.

Also, Equity analysts at the Brokerage firm Wells Fargo downgrades its rating on CenterPoint Energy (NYSE:CNP). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 22, 2016. The company shares have rallied 25.13% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $24.12 and the one year low was seen on Dec 11, 2015. The 50-Day Moving Average price is $22.94 and the 200 Day Moving Average price is recorded at $20.42.

CenterPoint Energy, Inc. is a public utility holding company. The companys segments include: Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Electric Transmission & Distribution provides electric transmission and distribution services to retail electric providers. Natural Gas Distribution offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial, industrial and institutional customers. Energy Services includes non-rate regulated gas sales and services operations. Midstream Investments segment includes equity earnings associated with the operations of Enable Midstream Partners, LP and a 0.1% interest in Southeast Supply Header, LLC owned by CenterPoint Energy Resources Corp. Other Operations includes office buildings and other real estate used in its business operations and other corporate operations which support all of its business operations.

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