Centerpoint Energy (CNP) Receives a Buy from Wells Fargo

Centerpoint Energy received a Buy rating and a $44.00 price target from Wells Fargo analyst Sarah Akers yesterday. The company’s shares closed yesterday at $39.74.

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According to TipRanks, Akers is a 5-star analyst with an average return of 10.8% and a 72.05% success rate. Akers covers the Utilities sector, focusing on stocks such as Centerpoint Energy, Nisource, and Northwestern.

Centerpoint Energy has an analyst consensus of Moderate Buy, with a price target consensus of $42.73, a 7.52% upside from current levels. In a report released on October 24, Scotiabank also maintained a Buy rating on the stock with a $45.00 price target.

Based on Centerpoint Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.96 billion and a net profit of $252 million. In comparison, last year the company earned a revenue of $1.86 billion and had a net profit of $193 million