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Wells Fargo Sticks to Its Buy Rating for Centerpoint Energy (CNP)


In a report released yesterday, Sarah Akers from Wells Fargo maintained a Buy rating on Centerpoint Energy (CNP). The company’s shares closed yesterday at $28.06.

According to TipRanks.com, Akers is a 4-star analyst with an average return of 9.0% and a 76.0% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and South Jersey Industries.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centerpoint Energy with a $30.67 average price target.

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The company has a one-year high of $30.17 and a one-year low of $24.81. Currently, Centerpoint Energy has an average volume of 5.32M.

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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.