Mizuho Securities Sticks to Its Hold Rating for Centerpoint Energy (CNP)

Mizuho Securities analyst Anthony Crowdell maintained a Hold rating on Centerpoint Energy today and set a price target of $42.00.

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Crowdell covers the Utilities sector, focusing on stocks such as Eversource Energy, Duke Energy, and Entergy. According to TipRanks, Crowdell has an average return of 7.1% and a 68.80% success rate on recommended stocks.

Currently, the analyst consensus on Centerpoint Energy is a Moderate Buy with an average price target of $42.73.

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

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNP in relation to earlier this year. Earlier this month, Phillip R. Smith, a Director at CNP sold 6,200.00 shares for a total of $240,746.00.