Centerpoint Energy (CNP) Receives a Buy from Morgan Stanley

In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on Centerpoint Energy (CNPResearch Report), with a price target of $33.00. The company’s shares opened today at $31.82.

Byrd covers the Utilities sector, focusing on stocks such as Ameren, American Electric Power, and Atmos Energy. According to TipRanks, Byrd has an average return of 11.3% and a 60.58% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centerpoint Energy with a $33.50 average price target.

See Insiders’ Hot Stocks on TipRanks >>

CNP market cap is currently $20.11B and has a P/E ratio of 13.08.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in seven states serving approximately 4.5 million customers. CenterPoint owns approximately 54% of Enable Midstream Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region.

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More