CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Scott M. Prochazka also recently made the following trade(s):
- On Monday, October 2nd, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $29.08, for a total transaction of $29,080.00.
- On Friday, September 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00.
CenterPoint Energy, Inc. (NYSE:CNP) opened at $29.59 on Monday. The firm has a market cap of $12,754.28, a price-to-earnings ratio of 22.59, a P/E/G ratio of 4.10 and a beta of 0.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.81. CenterPoint Energy, Inc. has a one year low of $22.32 and a one year high of $30.45.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. analysts predict that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 16th will be issued a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.62%. CenterPoint Energy’s payout ratio is 78.10%.
Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC bought a new position in CenterPoint Energy in the 2nd quarter valued at about $153,000. Paradigm Asset Management Co. LLC grew its position in shares of CenterPoint Energy by 2.2% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 100 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of CenterPoint Energy during the 2nd quarter worth approximately $154,000. Huntington National Bank boosted its position in shares of CenterPoint Energy by 58.1% during the 2nd quarter. Huntington National Bank now owns 6,121 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Eagle Ridge Investment Management acquired a new stake in shares of CenterPoint Energy during the 3rd quarter worth approximately $201,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.
CNP has been the subject of a number of research analyst reports. BidaskClub upgraded shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co set a $30.00 price objective on shares of CenterPoint Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. SunTrust Banks, Inc. restated a “hold” rating and issued a $30.00 price objective on shares of CenterPoint Energy in a research report on Monday, October 2nd. Bank of America Corporation started coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a research report on Monday, September 11th. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.75.
About CenterPoint Energy
CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.
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