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Centerpoint Energy (CNP) Gets a Hold from Barclays

Tipranks - Tipranks - Wed Apr 29, 2:04AM CDT

In a report released yesterday, Nicholas Campanella from Barclays reiterated a Hold rating on Centerpoint Energy, with a price target of $44.00. The company’s shares closed yesterday at $42.89.

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According to TipRanks, Campanella is a 5-star analyst with an average return of 11.9% and a 69.31% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, CMS Energy, and Dominion Energy.

In addition to Barclays, Centerpoint Energy also received a Hold from Mizuho Securities’s Anthony Crowdell in a report issued on April 24. However, yesterday, Truist Financial maintained a Buy rating on Centerpoint Energy (NYSE: CNP).

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Based on Centerpoint Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.98 billion and a net profit of $316 million. In comparison, last year the company earned a revenue of $2.92 billion and had a net profit of $297 million

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