CenterPoint Energy, Inc. (CNP) CEO Sells $28,230.00 in Stock

CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $28.23, for a total transaction of $28,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, July 3rd, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $27.66, for a total transaction of $27,660.00.
  • On Thursday, June 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $28.67, for a total transaction of $28,670.00.

CenterPoint Energy, Inc. (NYSE:CNP) traded up 0.83% during trading on Friday, hitting $29.01. 3,520,555 shares of the company’s stock were exchanged. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 20.72 and a beta of 0.64. The firm has a 50 day moving average price of $28.13 and a 200 day moving average price of $27.79. CenterPoint Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $29.45.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm’s revenue was up 36.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. On average, equities research analysts predict that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, August 14th. CenterPoint Energy’s dividend payout ratio (DPR) is 76.98%.

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Several research analysts have commented on the stock. BidaskClub raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $28.82 to $29.00 in a report on Monday, August 14th. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, J P Morgan Chase & Co initiated coverage on shares of CenterPoint Energy in a report on Thursday, June 29th. They set a “neutral” rating and a $29.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.78.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC acquired a new position in CenterPoint Energy during the second quarter worth approximately $153,000. Van ECK Associates Corp increased its position in CenterPoint Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,695 shares of the utilities provider’s stock worth $102,000 after buying an additional 564 shares during the period. Paradigm Asset Management Co. LLC increased its position in CenterPoint Energy by 2.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after buying an additional 100 shares during the period. Johnson Financial Group Inc. increased its position in CenterPoint Energy by 28.8% in the first quarter. Johnson Financial Group Inc. now owns 4,843 shares of the utilities provider’s stock worth $134,000 after buying an additional 1,084 shares during the period. Finally, Pinebridge Investments L.P. acquired a new position in CenterPoint Energy during the second quarter worth approximately $154,000. 76.76% of the stock is currently owned by institutional investors and hedge funds.

CenterPoint Energy Company Profile

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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