CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $28.11, for a total transaction of $28,110.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, December 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $29.39, for a total value of $29,390.00.

CenterPoint Energy, Inc. (NYSE CNP) opened at $27.73 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.91. CenterPoint Energy, Inc. has a 12 month low of $25.51 and a 12 month high of $30.45. The firm has a market capitalization of $11,950.00, a PE ratio of 20.09, a price-to-earnings-growth ratio of 3.24 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last released its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts forecast that CenterPoint Energy, Inc. will post 1.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s payout ratio is 77.54%.

CNP has been the topic of a number of analyst reports. Bank of America initiated coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price target on the stock. Zacks Investment Research raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $30.00 price target on CenterPoint Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and issued a $30.00 price target on shares of CenterPoint Energy in a research note on Monday, October 2nd. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.33.

A number of large investors have recently added to or reduced their stakes in the business. BB&T Corp grew its stake in shares of CenterPoint Energy by 11.4% in the 4th quarter. BB&T Corp now owns 117,513 shares of the utilities provider’s stock valued at $3,333,000 after buying an additional 12,039 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of CenterPoint Energy by 69.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 18,504 shares of the utilities provider’s stock valued at $525,000 after buying an additional 7,613 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of CenterPoint Energy by 9.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,688,457 shares of the utilities provider’s stock valued at $76,247,000 after buying an additional 238,962 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of CenterPoint Energy by 24.3% in the 4th quarter. APG Asset Management N.V. now owns 8,968,519 shares of the utilities provider’s stock valued at $211,815,000 after buying an additional 1,754,009 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of CenterPoint Energy by 0.6% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 596,407 shares of the utilities provider’s stock valued at $16,914,000 after buying an additional 3,455 shares in the last quarter. 77.50% of the stock is currently owned by institutional investors.

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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.

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

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