Wells Fargo’s Analyst Provides Guidance for This Canadian Energy Company
Wells Fargo analyst Sarah Akers maintained a Hold rating on Centerpoint Energy (CNP) yesterday. The company’s shares closed last Thursday at $17.81.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 7.5% and a 68.1% success rate. Akers covers the Utilities sector, focusing on stocks such as South Jersey Industries, Pinnacle West Capital, and Chesapeake Utilities.
Centerpoint Energy has an analyst consensus of Moderate Buy, with a price target consensus of $19.86.
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Centerpoint Energy’s market cap is currently $8.03B and has a P/E ratio of 12.30. The company has a Price to Book ratio of 7.25.
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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.