The shares of CenterPoint Energy, Inc. (NYSE:CNP) has been pegged with a rating of Buy by Goldman in its latest research note that was published on February 26th, 2019. The research company has also assigned a $34 price target. Goldman wasn’t the only research firm that published a report of CenterPoint Energy, Inc., with other equities research analysts also giving their opinion on the stock. RBC Capital Mkts advised investors in its research note published on January 18th, 2019, to Outperform the CNP stock. The stock had earned Buy rating from Guggenheim when it published its report on January 7th, 2019. The stock was given Buy rating by UBS in its report released on December 14th, 2018. JP Morgan was of a view that CNP is Overweight in its latest report on October 9th, 2018 while giving it a price target of $33. JP Morgan thinks that CNP is worth Overweight rating. This was contained in the firm’s report on September 5th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $31.29. The price of the stock the last time has raised by 23.74% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 51.69.
The shares of the company dipped by -0.26% during the trading session on Wednesday, reaching a low of $30.46 while ending the day at $30.70. During the trading session, a total of 3.37 million shares were traded which represents a 30.62% incline from the average session volume which is 4.86M shares. CNP had ended its last session trading at 30.78. CenterPoint Energy, Inc. currently has a market cap of $15.38B, while its P/E ratio stands at 41.71, while its P/E earnings growth sits at 1.45, with a beta of 0.44. CenterPoint Energy, Inc. debt-to-equity ratio currently stands at 1.55, while its quick ratio hovers at 2.00. CNP 52-week low price stands at $24.81 while its 52-week high price is $31.42.
The company in its last quarterly report recorded $0.36 earnings per share which is above the $0.34 predicted by most analysts. The CenterPoint Energy, Inc. generated $3,036.00 million in revenue during the last quarter, which is slightly higher than the $2,249.22 million predicted by analysts. In the second quarter last year, the firm recorded $0.39 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -8.33%. CenterPoint Energy, Inc. has the potential to record 0.74 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Nomura published a research note on March 27th, 2019 where it informed investors and clients that Two Harbors Investment Corp. (NYSE:TWO) is now rated as Neutral. RBC Capital Mkts also rated TWO as Upgrade on January 18th, 2019, with its price target of $42 suggesting that TWO could surge by 7.46% from its current share price. Even though the stock has been trading at $13.64/share, analysts expect it to surge higher by -0.88% to reach $14.61/share. It started the day trading at $13.67 and traded between $13.50 and $13.52 throughout the trading session.
A look at its technical shows that TWO’s 50-day SMA is 14.03 while its 200-day SMA stands at 14.67. The stock has a high of $16.27 for the year while the low is $12.63. The company’s P/E ratio currently sits at 160.95, while the P/B ratio is 1.03. At the moment, only of Two Harbors Investment Corp. shares were sold short. The company’s average trading volume currently stands at 2.62M shares, which means that the short-interest ratio is just 2.23 days. Over the past seven days, the company moved, with its shift of -2.38%. Looking further, the stock has raised 4.08% over the past 90 days while it lost -9.50% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more TWO shares, increasing its portfolio by +4.54% during the last quarter. This move now sees The Vanguard Group Inc purchasing 989,755 shares in the last quarter, thus it now holds 22,804,761 shares of TWO, with a total valuation of $316,302,035. BlackRock Fund Advisors meanwhile bought more TWO shares in the recently filed quarter, changing its stake to $198,897,783 worth of shares. Michigan Department of Treasury followed the path by increasing its TWO portfolio by +2.86% in the quarter. This means that Michigan Department of Treasury bought 330,000 shares in the last quarter and now controls 11,882,142 shares of the TWO stock, with the valuation hitting $164,805,310.
Similarly, Nan Shan Life Insurance Co Ltd decreased its Two Harbors Investment Corp. shares by 0.00% during the recently filed quarter. After selling 0 shares in the last quarter, the firm now controls 5,652,380 shares of Two Harbors Investment Corp. which are valued at $78,398,511. In the same vein, Goldman Sachs Asset Management LP increased its Two Harbors Investment Corp. shares by during the most recent reported quarter. The firm bought 134,571 shares during the quarter which increased its stakes to 4,604,233 shares and is now valued at $63,860,712. Following these latest developments, around 0.80% of Two Harbors Investment Corp. stocks are owned by institutional investors and hedge funds.