CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.08, for a total value of $29,080.00. The sale 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 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 value of $29,610.00.
  • On Tuesday, August 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $28.23, for a total value of $28,230.00.

Shares of CenterPoint Energy, Inc. (CNP) opened at 28.99 on Thursday. The stock has a market capitalization of $12.50 billion, a PE ratio of 20.71 and a beta of 0.62. CenterPoint Energy, Inc. has a one year low of $21.83 and a one year high of $30.45. The firm has a 50 day moving average price of $29.57 and a 200 day moving average price of $28.41.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 36.1% on a year-over-year basis. Analysts predict that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were paid a $0.2675 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.69%. CenterPoint Energy’s payout ratio is presently 76.98%.

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CNP has been the topic of several research analyst reports. BidaskClub downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co initiated coverage on CenterPoint Energy in a research report on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price objective on the stock. Zacks Investment Research downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Credit Suisse Group raised CenterPoint Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $28.82 to $29.00 in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of CenterPoint Energy in a research report on Monday, September 11th. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. CenterPoint Energy has an average rating of “Hold” and an average target price of $28.00.

Several hedge funds and other institutional investors have recently modified their holdings of CNP. BlackRock Inc. boosted its holdings in CenterPoint Energy by 1,521.6% in the first quarter. BlackRock Inc. now owns 39,034,890 shares of the utilities provider’s stock valued at $1,076,193,000 after purchasing an additional 36,627,665 shares during the period. Janus Henderson Group PLC boosted its holdings in CenterPoint Energy by 8,190.9% in the second quarter. Janus Henderson Group PLC now owns 4,550,195 shares of the utilities provider’s stock valued at $124,585,000 after purchasing an additional 4,495,313 shares during the period. Vanguard Group Inc. boosted its holdings in CenterPoint Energy by 5.3% in the first quarter. Vanguard Group Inc. now owns 47,293,206 shares of the utilities provider’s stock valued at $1,303,873,000 after purchasing an additional 2,359,375 shares during the period. Royal Bank of Canada boosted its holdings in CenterPoint Energy by 187.6% in the second quarter. Royal Bank of Canada now owns 2,591,360 shares of the utilities provider’s stock valued at $70,953,000 after purchasing an additional 1,690,296 shares during the period. Finally, AJO LP boosted its holdings in CenterPoint Energy by 74.9% in the second quarter. AJO LP now owns 2,540,198 shares of the utilities provider’s stock valued at $69,551,000 after purchasing an additional 1,087,736 shares during the period. 76.87% of the stock is owned by institutional investors and hedge funds.

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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