CenterPoint Energy Given New $22.00 Price Target at Barclays Capital (CNP)
CenterPoint Energy (NYSE: CNP) had its price target increased by Barclays Capital from $21.00 to $22.00 in a research report sent to investors on Thursday morning. The firm currently has an equal weight rating on the stock.
A number of other analysts have also recently weighed in on CNP. Analysts at BMO Capital Markets reiterated a market perform rating on shares of CenterPoint Energy in a research note to investors on Thursday. They now have a $21.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of CenterPoint Energy from $23.00 to $24.00 in a research note to investors on Thursday. They now have an outperform rating on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of CenterPoint Energy in a research note to investors on Thursday, February 21st. They set a hold rating on the stock.
Six analysts have rated the stock with a buy rating, and eight have issued a hold rating to the company. The company presently has an average rating of overweight and an average target price of $22.42.
Shares of CenterPoint Energy traded up 0.09% during mid-day trading on Thursday, hitting $21.55. CenterPoint Energy has a one year low of $18.79 and a one year high of $21.81. The stock’s 50-day moving average is currently $20.54. The company has a market cap of $9.212 billion and a P/E ratio of 22.20.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 8th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.21 per share. This represents a $0.83 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Wednesday, February 13th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20.
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