CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $28.17, for a total value of $112,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, November 1st, Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $27.09, for a total value of $108,360.00.
  • On Monday, October 1st, Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $27.54, for a total value of $110,160.00.

NYSE:CNP opened at $28.38 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 1.06. CenterPoint Energy, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $29.06. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 3.02 and a beta of 0.46.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, November 8th. The utilities provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). CenterPoint Energy had a net margin of 15.15% and a return on equity of 14.40%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned $0.38 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that CenterPoint Energy, Inc. will post 1.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.2775 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.11 annualized dividend and a yield of 3.91%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 81.02%.

A number of equities analysts recently weighed in on CNP shares. JPMorgan Chase & Co. lifted their price target on CenterPoint Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 9th. Wells Fargo & Co reissued a “buy” rating on shares of CenterPoint Energy in a research note on Friday, November 9th. Barclays set a $31.00 price target on CenterPoint Energy and gave the stock a “hold” rating in a research note on Saturday, November 17th. ValuEngine raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Zacks Investment Research raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.44.

A number of large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its stake in shares of CenterPoint Energy by 18.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 11,129 shares of the utilities provider’s stock valued at $309,000 after buying an additional 1,771 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in shares of CenterPoint Energy by 18.9% in the 2nd quarter. First Allied Advisory Services Inc. now owns 11,719 shares of the utilities provider’s stock valued at $331,000 after buying an additional 1,865 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of CenterPoint Energy by 5.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 38,624 shares of the utilities provider’s stock valued at $1,070,000 after buying an additional 1,989 shares in the last quarter. Zacks Investment Management grew its stake in shares of CenterPoint Energy by 5.1% in the 2nd quarter. Zacks Investment Management now owns 43,053 shares of the utilities provider’s stock valued at $1,193,000 after buying an additional 2,090 shares in the last quarter. Finally, Bank of Hawaii grew its stake in shares of CenterPoint Energy by 24.5% in the 3rd quarter. Bank of Hawaii now owns 10,865 shares of the utilities provider’s stock valued at $300,000 after buying an additional 2,140 shares in the last quarter. 79.72% of the stock is currently owned by institutional investors.

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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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