Shares of CenterPoint Energy Inc. (NYSE:CNP) rose 1.7% during trading on Wednesday . The company traded as high as $22.57 and last traded at $22.50, with a volume of 4,401,978 shares traded. The stock had previously closed at $22.13.

A number of research firms have recently issued reports on CNP. Deutsche Bank AG restated a “hold” rating and set a $18.00 price target on shares of CenterPoint Energy in a report on Tuesday, April 19th. Wells Fargo & Co. lowered shares of CenterPoint Energy from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 22nd. Argus restated a “buy” rating on shares of CenterPoint Energy in a report on Wednesday, June 8th. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. upgraded shares of CenterPoint Energy from a “sell” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $21.00 in a report on Monday, May 9th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CenterPoint Energy currently has a consensus rating of “Hold” and a consensus target price of $22.57.

The firm’s 50-day moving average is $23.59 and its 200-day moving average is $21.64. The company’s market cap is $9.73 billion.

CenterPoint Energy (NYSE:CNP) last issued its earnings results on Friday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that CenterPoint Energy Inc. will post $1.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Tuesday, August 16th will be paid a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Friday, August 12th.

Other hedge funds and institutional investors have modified their holdings of the company. Bank of Montreal Can raised its position in shares of CenterPoint Energy by 20.3% in the fourth quarter. Bank of Montreal Can now owns 835,240 shares of the company’s stock valued at $15,334,000 after buying an additional 141,223 shares during the period. Foresters Investment Management Company Inc. raised its position in shares of CenterPoint Energy by 7.1% in the fourth quarter. Foresters Investment Management Company Inc. now owns 178,600 shares of the company’s stock valued at $3,279,000 after buying an additional 11,900 shares during the period. Suntrust Banks Inc. raised its position in shares of CenterPoint Energy by 32.2% in the fourth quarter. Suntrust Banks Inc. now owns 65,438 shares of the company’s stock valued at $1,200,000 after buying an additional 15,928 shares during the period. Principal Financial Group Inc. raised its position in shares of CenterPoint Energy by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 614,686 shares of the company’s stock valued at $11,286,000 after buying an additional 10,704 shares during the period. Finally, Calvert Investment Management Inc. raised its position in shares of CenterPoint Energy by 73.9% in the fourth quarter. Calvert Investment Management Inc. now owns 78,402 shares of the company’s stock valued at $1,439,000 after buying an additional 33,326 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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