CenterPoint Energy, Inc. (NYSE:CNP) CEO Sells $171,500.00 in Stock

CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $24.50, for a total value of $171,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Scott M. Prochazka also recently made the following trade(s):

  • On Friday, November 1st, Scott M. Prochazka sold 7,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $29.02, for a total value of $203,140.00.
  • On Tuesday, October 1st, Scott M. Prochazka sold 7,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $30.06, for a total value of $210,420.00.

Shares of CNP traded up $0.32 during trading hours on Wednesday, reaching $24.72. 4,275,911 shares of the company’s stock traded hands, compared to its average volume of 4,735,132. The stock has a market cap of $12.33 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 3.07 and a beta of 0.42. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 2.12. The firm’s 50 day simple moving average is $27.29 and its 200-day simple moving average is $28.51. CenterPoint Energy, Inc. has a 12 month low of $24.25 and a 12 month high of $31.42.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.10. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.91 billion. CenterPoint Energy had a return on equity of 14.51% and a net margin of 6.23%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. As a group, analysts expect that CenterPoint Energy, Inc. will post 1.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.15 dividend on an annualized basis and a yield of 4.65%. CenterPoint Energy’s payout ratio is 71.88%.

Several research analysts have commented on CNP shares. SunTrust Banks downgraded CenterPoint Energy from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research note on Friday, November 15th. Barclays downgraded CenterPoint Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. UBS Group dropped their price target on CenterPoint Energy from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday. Stifel Nicolaus upgraded CenterPoint Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $32.00 in a research report on Friday, September 6th. Finally, Morgan Stanley reiterated a “hold” rating and set a $27.00 price target (down previously from $31.00) on shares of CenterPoint Energy in a research report on Monday, November 18th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CenterPoint Energy has an average rating of “Hold” and an average price target of $29.07.

A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in CenterPoint Energy by 18,904.3% in the 3rd quarter. Millennium Management LLC now owns 1,970,178 shares of the utilities provider’s stock worth $59,459,000 after buying an additional 1,959,811 shares during the last quarter. National Pension Service lifted its position in CenterPoint Energy by 5.5% in the 3rd quarter. National Pension Service now owns 627,363 shares of the utilities provider’s stock worth $18,934,000 after buying an additional 32,457 shares during the last quarter. Penserra Capital Management LLC lifted its position in CenterPoint Energy by 21.0% in the 3rd quarter. Penserra Capital Management LLC now owns 55,329 shares of the utilities provider’s stock worth $1,668,000 after buying an additional 9,621 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in CenterPoint Energy in the 3rd quarter worth approximately $1,735,000. Finally, California State Teachers Retirement System lifted its position in CenterPoint Energy by 0.4% in the 3rd quarter. California State Teachers Retirement System now owns 817,067 shares of the utilities provider’s stock worth $24,659,000 after buying an additional 3,317 shares during the last quarter. Institutional investors own 80.07% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

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Insider Buying and Selling by Quarter for CenterPoint Energy (NYSE:CNP)

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