CenterPoint Energy Inc. (NYSE:CNP) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $24.21 and last traded at $24.12, with a volume of 1,597,230 shares traded. The stock had previously closed at $24.12.

Several research analysts have commented on the stock. Tudor Pickering lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Argus restated a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of CenterPoint Energy in a report on Friday, July 1st. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Wells Fargo & Co. lowered shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 22nd. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $24.00 price objective on shares of CenterPoint Energy in a report on Wednesday, May 11th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.71.

The company’s 50 day moving average is $23.47 and its 200 day moving average is $20.84. The stock’s market cap is $10.42 billion.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Tuesday, May 10th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.42 billion. The firm’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. On average, analysts predict that CenterPoint Energy Inc. will post $1.15 earnings per share for the current fiscal year.

In other news, VP Joseph B. Mcgoldrick sold 9,000 shares of CenterPoint Energy stock in a transaction on Friday, May 13th. The stock was sold at an average price of $22.23, for a total transaction of $200,070.00. Following the completion of the sale, the vice president now directly owns 125,271 shares in the company, valued at $2,784,774.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Several hedge funds have added to or reduced their stakes in the company. Russell Frank Co increased its stake in CenterPoint Energy by 6.5% in the fourth quarter. Russell Frank Co now owns 294,711 shares of the company’s stock valued at $5,392,000 after buying an additional 18,038 shares during the period. Nationwide Fund Advisors increased its stake in CenterPoint Energy by 1.6% in the fourth quarter. Nationwide Fund Advisors now owns 128,487 shares of the company’s stock valued at $2,359,000 after buying an additional 2,047 shares during the period. Sei Investments Co. increased its stake in CenterPoint Energy by 9,843.0% in the fourth quarter. Sei Investments Co. now owns 91,177 shares of the company’s stock valued at $1,674,000 after buying an additional 90,260 shares during the period. LSV Asset Management increased its stake in CenterPoint Energy by 31.2% in the fourth quarter. LSV Asset Management now owns 147,300 shares of the company’s stock valued at $2,704,000 after buying an additional 35,000 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in CenterPoint Energy by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 103,414 shares of the company’s stock valued at $1,898,000 after buying an additional 11,772 shares during the period.

CenterPoint Energy, Inc is a public utility holding company. The Company’s segments include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. Its Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

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