CenterPoint Energy (CNP) Shares are Up 1.95%

CenterPoint Energy (CNP) : Traders are bullish on CenterPoint Energy (CNP) as it has outperformed the S&P 500 by a wide margin of 3.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.41%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.95% in the last 1 week, and is up 0.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.38% and the 50-Day Moving Average is 0.05%.The 200 Day SMA reached 12.49% CenterPoint Energy, Inc. is up 0.93% in the last 3-month period. Year-to-Date the stock performance stands at 30.31%.


CenterPoint Energy (CNP) : 4 investment research analysts covering CenterPoint Energy (CNP) have an average price target of $24.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $27 and the lowest target is $24 for the short term. Analysts expect the variance to be within $1.5 of the average price.

Company shares have received an average consensus rating of Hold for the current week CenterPoint Energy (NYSE:CNP): The stock opened at $22.63 and touched an intraday high of $23.1 on Friday. During the day, the stock corrected to an intraday low of $22.51, however, the bulls stepped in and pushed the price higher to close in the green at $23.05 with a gain of 1.77% for the day. The total traded volume for the day was 5,743,400. The stock had closed at $22.65 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.