Insider Selling: Milton Carroll Sells 9,795 Shares of CenterPoint Energy Stock (CNP)
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.
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.