Could CenterPoint Energy, Inc. See a Reversal After Today’s Strong Options Activity?

 Could CenterPoint Energy, Inc. See a Reversal After Today's Strong Options Activity?

In today’s session CenterPoint Energy, Inc. (CNP) recorded an unusually high (257) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious CNP decrease. With 257 contracts traded and 11184 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: CNP161021P00023000 closed last at: $0.5 or 42.9% up. About 905,605 shares traded hands. CenterPoint Energy, Inc. (NYSE:CNP) has risen 18.81% since March 2, 2016 and is uptrending. It has outperformed by 10.55% the S&P500.

Analysts await CenterPoint Energy, Inc. (NYSE:CNP) to report earnings on November, 3. They expect $0.36 EPS, up 5.88% or $0.02 from last year’s $0.34 per share. CNP’s profit will be $151.41 million for 15.52 P/E if the $0.36 EPS becomes a reality. After $0.17 actual EPS reported by CenterPoint Energy, Inc. for the previous quarter, Wall Street now forecasts 111.76% EPS growth.

CenterPoint Energy, Inc. (NYSE:CNP) Ratings Coverage

Out of 7 analysts covering CenterPoint (NYSE:CNP), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. $25 is the highest target while $17 is the lowest. The $22.07 average target is -1.25% below today’s ($22.35) stock price. CenterPoint has been the topic of 15 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Macquarie Research given on Friday, November 6. The rating was maintained by Deutsche Bank on Thursday, May 12 with “Hold”. The firm has “Buy” rating given on Tuesday, January 12 by Argus Research. The firm has “Neutral” rating given on Monday, May 9 by Goldman Sachs. The company was downgraded on Monday, October 19 by Goldman Sachs. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 11. As per Monday, March 7, the company rating was maintained by SunTrust. SunTrust maintained the stock with “Neutral” rating in Monday, September 26 report. Credit Suisse upgraded the stock to “Neutral” rating in Tuesday, October 13 report. The rating was downgraded by SunTrust to “Neutral” on Monday, January 11.

According to Zacks Investment Research, “CenterPoint Energy is a domestic energy delivery company that includes electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations. They serve customers in Arkansas, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Oklahoma, Texas, and Wisconsin.”

Insitutional Activity: The institutional sentiment decreased to 1.3 in 2016 Q2. Its down 0.06, from 1.36 in 2016Q1. The ratio worsened, as 43 funds sold all CenterPoint Energy, Inc. shares owned while 122 reduced positions. 45 funds bought stakes while 170 increased positions. They now own 313.44 million shares or 13.41% more from 276.39 million shares in 2016Q1.
Pictet Asset Mngmt last reported 2.05 million shares in the company. Moreover, Fjarde Ap has 0.06% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 99,881 shares. Tudor Et Al accumulated 0.02% or 33,994 shares. Wfg Advisors L P accumulated 0.14% or 21,582 shares. Goldman Sachs Gp holds 5.85M shares or 0.05% of its portfolio. Viking Fund reported 390,000 shares or 1.62% of all its holdings. Oakbrook Invests Limited accumulated 0.04% or 30,116 shares. Cadence State Bank Na has 19,460 shares for 0.23% of their US portfolio. Retirement Of Alabama has invested 0.03% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Ls Investment Advsr Limited Liability Co last reported 0.04% of its portfolio in the stock. Cornerstone Advsrs Incorporated has 0% invested in the company for 118 shares. Morgan Stanley has 909,964 shares for 0.01% of their US portfolio. Advisory Svcs Limited Liability Corporation has invested 0.03% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Swiss National Bank & Trust, a Switzerland-based fund reported 1.15 million shares. Two Sigma Securities Ltd Llc has invested 0.54% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP).

Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 1 sale for $200,070 net activity. 9,000 CenterPoint Energy, Inc. (NYSE:CNP) shares with value of $200,070 were sold by MCGOLDRICK JOSEPH B.

CenterPoint Energy, Inc. is a public utility holding company. The company has a market cap of $9.40 billion. The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. It currently has negative earnings. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

CNP Company Profile

CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Company’s operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution facilities, and own interests in Enable Midstream Partners, LP (Enable). The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers (REPs). The Company’s Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. The Company’s Energy Services segment includes non-rate regulated gas sales to, and transportation and storage services for, commercial and industrial customers. The Company’s Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. The Company’s Other Operations segment includes office buildings and other real estate used in its business and other corporate operations, which support all of its business operations.

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