CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.08, for a total transaction of $29,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Scott M. Prochazka also recently made the following trade(s):

  • On Friday, September 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00.
  • On Tuesday, August 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $28.23, for a total transaction of $28,230.00.

CenterPoint Energy, Inc. (NYSE CNP) traded down 0.62% on Tuesday, hitting $28.78. 2,140,057 shares of the company were exchanged. CenterPoint Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $30.45. The company has a 50 day moving average price of $29.57 and a 200-day moving average price of $28.41. The stock has a market capitalization of $12.40 billion, a P/E ratio of 20.56 and a beta of 0.62.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.07. CenterPoint Energy had a return on equity of 16.45% and a net margin of 6.86%. The company 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 business posted $0.17 EPS. The firm’s quarterly revenue was up 36.1% compared to the same quarter last year. On average, equities analysts expect that CenterPoint Energy, Inc. will post $1.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Monday, August 14th. CenterPoint Energy’s payout ratio is 76.98%.

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Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 target price on shares of CenterPoint Energy in a research report on Monday, September 11th. BidaskClub raised shares of CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $30.00 price target on shares of CenterPoint Energy in a research report on Monday. Credit Suisse Group upgraded CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, Zacks Investment Research upgraded CenterPoint Energy from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Monday, June 5th. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $28.44.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in shares of CenterPoint Energy by 0.4% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 9,431 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 33 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its stake in CenterPoint Energy by 0.3% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 12,513 shares of the utilities provider’s stock worth $353,000 after purchasing an additional 39 shares in the last quarter. Cleararc Capital Inc. boosted its stake in CenterPoint Energy by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 10,542 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 84 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its stake in CenterPoint Energy by 2.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 100 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in CenterPoint Energy by 0.3% in the 1st quarter. Advantus Capital Management Inc now owns 43,232 shares of the utilities provider’s stock worth $1,192,000 after purchasing an additional 119 shares in the last quarter. 76.87% of the stock is currently owned by hedge funds and other institutional investors.

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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