CenterPoint Energy to buy Vectren in $6 bln deal

CenterPoint Energy to buy Vectren in $6 bln deal

Its up 4.52% from 17.64 million shares previously. (CNP) has made a move of -0.19% over the past month, which has come on Strong relative transaction volume.

The stock decreased 0.65% or $0.14 during the last trading session, reaching $21.55. About 642,410 shares traded. (NYSE:CNP) has "Hold" rating given on Monday, April 2 by SunTrust. It has underperformed by 15.93% the S&P500. Sumitomo Mitsui Asset has invested 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). Goldman Sachs Gru Inc holds 0.04% or 5.61M shares.

Analysts await CenterPoint Energy, Inc.

"This merger represents a significant step toward our vision to lead the nation in delivering energy, service and value", Scott M. Prochazka, CenterPoint's president and CEO, said in a statement Monday announcing the merger. Over the trailing year, the stock is underperforming the S&P 500 by 13.44, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. The company has $11.23 billion MC. The firm invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency. It has a 6.46 P/E ratio. Stockholders of record on Tuesday, May 16th will be issued a dividend of $0.2675 per share. Exane Derivatives holds 0% of its portfolio in CenterPoint Energy, Inc. American Rech & Mgmt reported 200 shares stake. The rating was upgraded by Bank of America to "Neutral" on Wednesday, June 29. The stock now has a consensus rating of "Hold" and a consensus price target of $27.50. The firm has a 50-day moving average of $27.92 and a 200 day moving average of $26.25. The firm has "Hold" rating given on Tuesday, December 26 by SunTrust. Cleararc invested in 10,953 shares or 0.04% of the stock. (NASDAQ:AGNC) on Thursday, February 1 with "Buy" rating. Its down 0.08, from 1.12 in 2017Q3. Federico Peter J also sold $250,290 worth of AGNC Investment Corp. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Therefore 7% are positive. On Monday, December 4 the company was downgraded by Guggenheim.

CenterPoint Energy, Inc. operates as a public utility holding firm in the United States. On Monday, February 12 the stock rating was maintained by SunTrust with "Hold". The company was maintained on Friday, November 6 by Macquarie Research. Equities research analysts predict that CenterPoint Energy, Inc. will post $1.31 earnings per share for the current fiscal year. (NYSE:CNP) on Monday, September 26 with "Neutral" rating. The company rating was maintained by SunTrust on Monday, March 19. SunTrust maintained CenterPoint Energy, Inc.

More news: Bank of America (BAC) Position Reduced by CNA Financial Corp

Vectren delivers gas to more than 1 million customers in IN and OH, and electricity to 145,000 customers in Indiana.

Investors sentiment decreased to 1.04 in Q4 2017. It has change of 0.08, from 2017Q3's 1.12. It turned negative, as 24 investors sold CenterPoint Energy, Inc. shares while 166 reduced holdings. 48 funds acquired holdings and 149 increased holdings. About 83.1 million shares of Vectren are outstanding. (NYSE:CNP) for 1 shares. 95,543 were reported by Hartford Investment Mgmt Co. Avalon Advisors Lc, Texas-based fund reported 907,114 shares. Avalon Advisors Ltd holds 907,114 shares. Citigroup holds 448,883 shares. Da Davidson holds 8,379 shares. De Burlo Group Inc, a Massachusetts-based fund reported 99,600 shares. Dai Ichi Life Holdings Inc. boosted its position in CenterPoint Energy by 4.0% in the third quarter.

The resulting company will be named CenterPoint Energy and will have its corporate headquarters in Houston.

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