CenterPoint Energy Sees Unusually Large Options Volume (CNP)
Shares of CenterPoint Energy (NYSE:CNP) were the recipient of some unusual options trading activity on Monday. Investors bought 2,772 put options on the company, AnalystRatings.NET reports. This represents an increase of approximately 348% compared to the average volume of 619 put options.
Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “neutral” rating on shares of CenterPoint Energy in a research note on Monday, August 4th. They now have a $25.00 price target on the stock, down previously from $26.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of CenterPoint Energy in a research note on Thursday, July 10th. They now have a $29.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of CenterPoint Energy from $26.00 to $27.00 in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $27.17.
CenterPoint Energy (NYSE:CNP) traded down 0.49% during mid-day trading on Monday, hitting $24.39. The stock had a trading volume of 2,434,215 shares. CenterPoint Energy has a 52 week low of $22.46 and a 52 week high of $25.75. The stock has a 50-day moving average of $24.73 and a 200-day moving average of $24.14. The company has a market cap of $10.483 billion and a P/E ratio of 19.01.
CenterPoint Energy (NYSE:CNP) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company posted $0.30 earnings per share. CenterPoint Energy’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that CenterPoint Energy will post $1.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.2375 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Wednesday, August 13th.
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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