Second quarter 2021 EPS estimates for CenterPoint Energy, Inc. boosted by KeyCorp (NYSE: CNP)


CenterPoint Energy, Inc. (NYSE: CNP) – KeyCorp stock analysts raised their second quarter 2021 EPS estimates for CenterPoint Energy shares in a research note released to investors on Friday, April 16. KeyCorp analyst S. Karp now expects the utility to earn $ 0.26 per share for the quarter, up from its previous estimate of $ 0.25. KeyCorp also released estimates for CenterPoint Energy’s third quarter 2021 profit at $ 0.32, year 2021 profit at $ 1.38, year 2022 profit at $ 1.53, profit fiscal year 2023 is $ 1.61, fiscal year 2024 profit is $ 1.72, and year 2025 profit is $ 1.95.

Several other brokerage houses also weighed on CNP. Evercore ISI downgraded CenterPoint Energy from an “outperformance” rating to an “online” rating in a Friday February 26 report. Wells Fargo & Company raised CenterPoint Energy from an “equal weight” to an “overweight” rating and lowered its price target for the company from $ 25.00 to $ 24.00 in a report on Wednesday 6 January. Goldman Sachs Group upgraded CenterPoint Energy from a “neutral” rating to a “buy” rating and increased its target price for the company from $ 26.00 to $ 27.00 in a report on Thursday, January 14. Finally, Credit Suisse Group raised its price target on CenterPoint Energy from $ 25.00 to $ 28.00 and gave the company an “outperformance” rating in a report released Friday. One research analyst rated the stock with a sell rating, seven issued a hold rating, and six assigned a buy rating to the company’s stock. The stock currently has an average hold rating and an average target price of $ 22.43.

Actions of CenterPoint Energy share open for $ 24.06 on Mondays. The company has a quick ratio of 0.59, a current ratio of 0.73, and a debt ratio of 2.01. The company has a market cap of $ 13.27 billion, a P / E ratio of -12.34, a P / E / G ratio of 3.02 and a beta of 0.95. CenterPoint Energy has a 52 week low of $ 15.18 and a 52 week high of $ 25.39. The company has a 50-day mobile average price of $ 21.89 and a 200-day mobile average price of $ 21.83. CenterPoint Energy (NYSE: CNP) last announced its quarterly earnings data on Thursday, February 25. The utility company reported earnings per share of $ 0.29 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.20 by $ 0.09. The company posted sales of $ 2.05 billion in the quarter, compared to analysts’ estimates of $ 2.01 billion. CenterPoint Energy reported a positive return on equity of 14.78% and a negative net margin of 9.49%. CenterPoint Energy’s quarterly revenue increased 1.7% year over year. During the same period of the previous year, the company achieved earnings per share of $ 0.45.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Miller Howard Investments Inc. NY increased its position in CenterPoint Energy by 30.5% in the first quarter. Miller Howard Investments Inc. NY now owns 467,182 shares of the utility company valued at $ 10,582,000 after purchasing an additional 109,105 shares during the period. NEXT Financial Group Inc increased its position in CenterPoint Energy by 2,684.6% in the first quarter. NEXT Financial Group Inc. now owns 5,068 shares of the utility company valued at $ 115,000 after purchasing an additional 4,886 shares during the period. Clarus Group Inc. acquired a new stake in CenterPoint Energy in the first quarter valued at approximately $ 168,000. Royal London Asset Management Ltd. increased its position in CenterPoint Energy by 4.7% in the first quarter. Royal London Asset Management Ltd. now owns 1,206,239 shares of the utility company valued at $ 27,321,000 after purchasing an additional 53,972 shares during the period. Finally, Cordasco Financial Network acquired a new stake in CenterPoint Energy in the first quarter valued at approximately $ 26,000. Hedge funds and other institutional investors hold 91.14% of the company’s shares.

Meanwhile, director Leslie D. Biddle sold 35,000 shares of the company’s stock in a transaction that took place on Thursday, March 4. The stock was sold at an average price of $ 19.94, for a total trade of $ 697,900.00. Following the closing of the transaction, the director now directly owns 34,096 shares of the company, valued at $ 679,874.24. The sale was disclosed in a legal file with the SEC, accessible via this link. Insiders own 0.13% of the company’s shares.

About CenterPoint Energy

CenterPoint Energy, Inc. operates as a utility holding company in the United States. The company operates in the electricity, natural gas and intermediate investment sectors. The electricity sector includes the services of transmission and distribution of electricity to electricity customers and power generation assets, as well as assets in the wholesale electricity market.

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History and revenue estimates for CenterPoint Energy (NYSE: CNP)

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