CenterPoint Energy (CNP) Receives Daily News Impact Score of 0.27
News headlines about CenterPoint Energy (NYSE:CNP) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CenterPoint Energy earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.1792881953782 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Here’s Where to Find Dividend Yield in a Stingy Market – Yahoo Finance (finance.yahoo.com)
- Interesting CNP Put And Call Options For May 2018 (stockoptionschannel.com)
- Here’s Where to Find Dividend Yield in a Stingy Market (finance.yahoo.com)
- Energy Briefs for Sep. 17 (mrt.com)
- CenterPoint Energy (CNP) versus Its Competitors Critical Contrast (americanbankingnews.com)
Shares of CenterPoint Energy (CNP) opened at 29.20 on Friday. The firm has a 50-day moving average of $29.40 and a 200-day moving average of $28.29. The firm has a market capitalization of $12.59 billion, a P/E ratio of 20.86 and a beta of 0.63. CenterPoint Energy has a one year low of $21.83 and a one year high of $30.45.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was up 36.1% compared to the same quarter last year. On average, equities analysts predict that CenterPoint Energy will post $1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were paid a $0.2675 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.66%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 76.98%.
A number of brokerages recently issued reports on CNP. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. BidaskClub lowered shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Credit Suisse Group upgraded shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and increased their target price for the company from $28.82 to $29.00 in a research report on Monday, August 14th. Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 target price on shares of CenterPoint Energy in a research report on Monday, September 11th. Finally, J P Morgan Chase & Co began coverage on shares of CenterPoint Energy in a research report on Thursday, June 29th. They issued a “neutral” rating and a $29.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. CenterPoint Energy presently has an average rating of “Hold” and an average price target of $27.89.
In related news, CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $28.23, for a total value of $28,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 3,000 shares of company stock valued at $85,500. Corporate insiders own 0.20% of the company’s stock.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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