V Square Quantitative Management LLC and
Goldman Sachs Group Inc have significantly raised their stakes in
CenterPoint Energy Inc. Meanwhile, the firm has underperformed in comparison to its competitors. There's anticipation that the company's Q4 earnings may decline. Nevertheless, the company's shares have an average recommendation of “Moderate Buy” and have been acquired by
Northern Trust Corp. Simultaneously, the
CNP common stock dividend remains steady. In a notable turn of events,
CenterPoint Energy is selling its Louisiana and Mississippi natgas assets for $1.2 billion. The company has recently appointed a new Independent Board Chair and is planning robust earnings growth and capital investment. However, revenue for Q1 2024 has reportedly missed estimates by 5.1%. Despite some challenges, several investors, including
Cibc World Markets Corp and
Tower Research Capital LLC TRC, have increased their position in the company. CNP has reiterated its full year guidance for 2024, predicting a strong performance. Despite some underperformance in the stock market, the company has also shown signs of resilience, with stock outperforming competitors on strong trading days.
Centerpoint Energy CNP News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Sun, 16 Jun 2024 17:23:41 GMT -
Rating 3
- Innovation 2
- Information 6
- Rumor -4
