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 stock was 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 stock was 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 firm has a 50 day moving average price of $28.13 and a 200 day moving average price of $27.79. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 20.72 and a beta of 0.64. CenterPoint Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $29.45.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 36.1% on a year-over-year basis. On average, equities research analysts predict that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be paid a $0.2675 dividend. This represents a $1.07 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, August 14th. CenterPoint Energy’s dividend payout ratio is currently 76.98%.
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Large investors have recently made changes to their positions in the stock. WFG Advisors LP increased its stake in shares of CenterPoint Energy by 1,318.3% in the second quarter. WFG Advisors LP now owns 11,857 shares of the utilities provider’s stock valued at $325,000 after buying an additional 11,021 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of CenterPoint Energy by 25.6% in the second quarter. Toronto Dominion Bank now owns 145,724 shares of the utilities provider’s stock valued at $3,989,000 after buying an additional 29,740 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of CenterPoint Energy by 14.3% in the second quarter. Cookson Peirce & Co. Inc. now owns 13,870 shares of the utilities provider’s stock valued at $380,000 after buying an additional 1,730 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of CenterPoint Energy during the second quarter valued at $409,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of CenterPoint Energy during the second quarter valued at $815,000. 76.76% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on CNP. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $28.82 to $29.00 in a report on Monday, August 14th. BidaskClub raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, J P Morgan Chase & Co initiated coverage on shares of CenterPoint Energy in a report on Thursday, June 29th. They issued a “neutral” rating and a $29.00 price target 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.
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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