Centerpoint Energy (CNP) was upgraded to a Buy Rating at KeyBanc

Centerpoint Energy received a Buy rating and a $41.00 price target from KeyBanc analyst Sophie Karp today.

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Karp covers the Utilities sector, focusing on stocks such as Xcel Energy, Centerpoint Energy, and FirstEnergy. According to TipRanks, Karp has an average return of 5.3% and a 56.33% success rate on recommended stocks.

Centerpoint Energy has an analyst consensus of Moderate Buy, with a price target consensus of $42.42.

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. Last month, Phillip R. Smith, a Director at CNP sold 6,200.00 shares for a total of $240,746.00.