Investors Buy Large Volume of CenterPoint Energy Put Options (CNP)
Shares of CenterPoint Energy (NYSE:CNP) were the target of unusually large options trading on Tuesday. Stock traders acquired 15,236 put options on the stock, AnalystRatings.NET reports. This represents an increase of 1,228% compared to the average daily volume of 1,147 put options.
Separately, analysts at KeyCorp downgraded shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.89.
CenterPoint Energy (NYSE:CNP) opened at 24.09 on Wednesday. CenterPoint Energy has a 52 week low of $20.48 and a 52 week high of $25.65. The stock has a 50-day moving average of $23.30 and a 200-day moving average of $23.69. The company has a market cap of $10.326 billion and a price-to-earnings ratio of 31.23.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.21.
CenterPoint Energy, Inc is a public utility holding company whose indirect wholly owned subsidiaries include CenterPoint Energy Houston Electric, LLC (NYSE:CNP), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast, which includes the city of Houston, and CenterPoint Energy Resources Corp.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.