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CenterPoint Energy (NYSE:CNP) Chairman Milton Carroll unloaded 9,795 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $24.11, for a total value of $236,157.45. Following the completion of the sale, the chairman now directly owns 138,758 shares of the company’s stock, valued at approximately $3,345,455. The sale was disclosed in a filing with the SEC, which is available at this link.

CenterPoint Energy (NYSE:CNP) traded down 0.50% during mid-day trading on Monday, hitting $23.93. The stock had a trading volume of 2,401,024 shares. CenterPoint Energy has a 52-week low of $22.22 and a 52-week high of $25.65. The stock’s 50-day moving average is $24.15 and its 200-day moving average is $23.67. The company has a market cap of $10.284 billion and a P/E ratio of 29.69.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.12. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. Analysts expect that CenterPoint Energy will post $1.16 EPS for the current fiscal year.

CNP has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of CenterPoint Energy in a research note on Wednesday, May 21st. They now have a $26.00 price target on the stock. Separately, analysts at Tudor Pickering initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, April 22nd. They set a “buy” rating on the stock. Finally, analysts at TheStreet upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CenterPoint Energy has an average rating of “Buy” and an average price target of $26.33.

CenterPoint Energy, Inc is a domestic energy delivery company. The Company’s business segments include Electric Transmission and Distribution, Natural Gas Distribution, Competitive Natural Gas Sales and Services, Interstate Pipelines, Field Services and Other Operations.

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