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Morgan Stanley Issues a Hold Rating on Centerpoint Energy (CNP)

Tipranks - Tipranks - Tue Mar 24, 10:32PM CDT

Morgan Stanley analyst David Arcaro assigned a Hold rating to the stock yesterday. The company’s shares closed yesterday at $41.76.

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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy. According to TipRanks, Arcaro has an average return of 14.7% and a 68.13% success rate on recommended stocks.

Centerpoint Energy has an analyst consensus of Moderate Buy, with a price target consensus of $44.50, a 6.56% upside from current levels. In a report released on March 11, J.P. Morgan also maintained a Hold rating on the stock with a $46.00 price target.

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Based on Centerpoint Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.51 billion and a net profit of $264 million. In comparison, last year the company earned a revenue of $2.26 billion and had a net profit of $248 million

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