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Wells Fargo Sticks to Its Hold Rating for Centerpoint Energy (CNP) | Markets Insider

Published 3 weeks ago1 minute read

Wells Fargo analyst Sarah Akers maintained a Hold rating on Centerpoint Energy (CNPResearch Report) on February 21 and set a price target of $35.00. The company’s shares closed last Friday at $34.29.

According to TipRanks, Akers is a 4-star analyst with an average return of 9.5% and a 69.08% success rate. Akers covers the Utilities sector, focusing on stocks such as New Jersey Resources, Atmos Energy, and Black Hills.

Currently, the analyst consensus on Centerpoint Energy is a Hold with an average price target of $34.04, representing a -0.73% downside. In a report released on February 21, Mizuho Securities also maintained a Hold rating on the stock with a $34.00 price target.

Based on Centerpoint Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.26 billion and a net profit of $248 million. In comparison, last year the company earned a revenue of $2.18 billion and had a net profit of $192 million

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