CenterPoint Energy Shares Drop 3.6% on Financing Concerns and Target Cuts
CenterPoint Energy’s stock fell 3.6%, with investors weighing the company’s larger long-term capital spending plan and recent subordinated debt issuance despite otherwise solid second-quarter results and reaffirmed guidance. Institutional ownership saw 463 investors add shares while 332 trimmed. Portfolio changes included Capital International, Deutsche Bank, JPMorgan, and T. Rowe Price, while 7 analysts’ median target was $45.