RBC Capital analyst Shelby Tucker maintained a Buy rating on Centerpoint Energy (CNP) on April 28 and set a price target of $18.00. The company’s shares closed last Thursday at $17.28.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 5.5% and a 66.3% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on Centerpoint Energy is a Moderate Buy with an average price target of $20.64, representing a 17.9% upside. In a report issued on April 16, Credit Suisse also maintained a Buy rating on the stock with a $23.00 price target.
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Centerpoint Energy’s market cap is currently $8.89B and has a P/E ratio of 13.10. The company has a Price to Book ratio of 7.72.
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CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in seven states serving approximately 4.5 million customers. CenterPoint owns approximately 54% of Enable Midstream Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region.
