Wells Fargo analyst Sarah Akers maintained a Buy rating on Centerpoint Energy (CNP) today. The company’s shares opened today at $30.14.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 11.0% and a 96.6% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and Dominion Resources.
Centerpoint Energy has an analyst consensus of Strong Buy, with a price target consensus of $33.75, implying an 12.0% upside from current levels. In a report issued on February 25, Goldman Sachs also resumed coverage with a Buy rating on the stock with a $34 price target.
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Centerpoint Energy’s market cap is currently $13.45B and has a P/E ratio of 8.80. The company has a Price to Book ratio of 2.85.
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CenterPoint Energy, Inc. is a holding company, which engages in power generation and distribution. It operates through the following segments: Electric Transmission & Distribution; Natural Gas Distribution; Energy Services; Midstream Investments; and Other Operations.
