$0.31 EPS Expected for CenterPoint Energy, Inc. (CNP)

July 12, 2018 - By Paula Hilliard

CenterPoint Energy, Inc. (NYSE:CNP) LogoInvestors sentiment decreased to 0.92 in Q1 2018. Its down 0.12, from 1.04 in 2017Q4. It fall, as 42 investors sold CenterPoint Energy, Inc. shares while 177 reduced holdings. 63 funds opened positions while 138 raised stakes. 322.35 million shares or 1.74% more from 316.82 million shares in 2017Q4 were reported.
First Tru Advsr Lp has invested 0.05% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Washington Bancshares, Washington-based fund reported 1,750 shares. Moreover, Atlantic Tru Ltd Com has 0% invested in CenterPoint Energy, Inc. (NYSE:CNP). 1.09 million were reported by Panagora Asset Mngmt Inc. Stratos Wealth Prns invested 0% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Zacks Mngmt holds 40,963 shares or 0.02% of its portfolio. Great West Life Assurance Can accumulated 601,468 shares. Liberty Mutual Group Incorporated Asset Mngmt invested in 0.01% or 17,183 shares. Loomis Sayles Company L P reported 10,762 shares. 44,922 are owned by Stephens Inc Ar. Sei Invests reported 126,977 shares. Macquarie holds 0.01% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 147,098 shares. Waverton Investment Mgmt Ltd, a United Kingdom-based fund reported 32,765 shares. Los Angeles Cap Mngmt & Equity Research reported 0.03% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Teacher Retirement Systems Of Texas holds 1.13 million shares.

Since February 1, 2018, it had 0 insider buys, and 9 sales for $3.38 million activity. Prochazka Scott M had sold 4,000 shares worth $101,520 on Tuesday, May 1. CARROLL MILTON had sold 62,779 shares worth $1.64M on Tuesday, May 15.

Analysts expect CenterPoint Energy, Inc. (NYSE:CNP) to report $0.31 EPS on August, 3 before the open.They anticipate $0.02 EPS change or 6.90 % from last quarter’s $0.29 EPS. CNP’s profit would be $133.76M giving it 22.26 P/E if the $0.31 EPS is correct. After having $0.55 EPS previously, CenterPoint Energy, Inc.’s analysts see -43.64 % EPS growth. The stock increased 0.33% or $0.09 during the last trading session, reaching $27.6. About 333,824 shares traded. CenterPoint Energy, Inc. (NYSE:CNP) has declined 7.81% since July 12, 2017 and is downtrending. It has underperformed by 20.38% the S&P500.

CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage

Among 6 analysts covering Centerpoint Energy (NYSE:CNP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Centerpoint Energy had 13 analyst reports since February 12, 2018 according to SRatingsIntel. On Thursday, June 28 the stock rating was upgraded by Bank of America to “Neutral”. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given on Friday, February 23 by SunTrust. The company was upgraded on Monday, May 7 by Deutsche Bank. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Hold” rating by SunTrust on Monday, April 2. SunTrust maintained the shares of CNP in report on Monday, April 23 with “Hold” rating. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Neutral” rating by JP Morgan on Tuesday, April 10. The stock has “Neutral” rating by JP Morgan on Tuesday, April 24. SunTrust maintained CenterPoint Energy, Inc. (NYSE:CNP) on Monday, February 12 with “Hold” rating. Credit Suisse upgraded the shares of CNP in report on Wednesday, May 9 to “Outperform” rating. The rating was downgraded by Bank of America to “Sell” on Thursday, March 22.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States. The company has market cap of $11.91 billion. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. It has a 6.78 P/E ratio. As of December 31, 2016, this segment owned 28,702 pole miles of overhead distribution lines and 3,692 circuit miles of overhead transmission lines; 23,937 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 232 substations with a capacity of 60,854 megavolt amperes.

Another recent and important CenterPoint Energy, Inc. (NYSE:CNP) news was published by Prnewswire.com which published an article titled: “Alerian Announces Constituent Changes to the Alerian Midstream Energy Select Index” on July 12, 2018.

CenterPoint Energy, Inc. (NYSE:CNP) Institutional Positions Chart

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