CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $28.11, for a total transaction of $28,110.00. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were sold at an average price of $29.39, for a total transaction of $29,390.00.

Shares of CenterPoint Energy, Inc. (NYSE:CNP) traded down $0.12 during midday trading on Friday, hitting $27.87. 4,434,100 shares of the stock traded hands, compared to its average volume of 2,552,672. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.91 and a quick ratio of 0.77. The stock has a market cap of $12,012.92, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.45 and a beta of 0.62. CenterPoint Energy, Inc. has a 52-week low of $24.74 and a 52-week high of $30.45.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.07 billion. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. equities analysts forecast that CenterPoint Energy, Inc. will post 1.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.2775 dividend. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, February 14th. CenterPoint Energy’s dividend payout ratio is 78.10%.

Institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new stake in CenterPoint Energy in the 2nd quarter worth about $678,000. Nomura Asset Management Co. Ltd. raised its position in CenterPoint Energy by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 65,817 shares of the utilities provider’s stock worth $1,922,000 after purchasing an additional 4,236 shares during the period. Shell Asset Management Co. raised its position in CenterPoint Energy by 196.2% in the 3rd quarter. Shell Asset Management Co. now owns 61,861 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 40,976 shares during the period. Toronto Dominion Bank raised its position in CenterPoint Energy by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 145,724 shares of the utilities provider’s stock worth $3,989,000 after purchasing an additional 29,740 shares during the period. Finally, Federated Investors Inc. PA raised its position in CenterPoint Energy by 160.1% in the 2nd quarter. Federated Investors Inc. PA now owns 84,599 shares of the utilities provider’s stock worth $2,316,000 after purchasing an additional 52,078 shares during the period. 77.70% of the stock is currently owned by institutional investors.

Several research analysts have commented on CNP shares. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. JPMorgan Chase & Co. set a $30.00 price objective on shares of CenterPoint Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Citigroup increased their price objective on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. SunTrust Banks reissued a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a report on Monday, October 2nd. Finally, Bank of America assumed coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price on the stock. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.13.

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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.

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

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