CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $29.61, for a total value of $29,610.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, October 2nd, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $29.08, for a total value of $29,080.00.
  • On Friday, September 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $29.61, for a total value of $29,610.00.

Shares of CenterPoint Energy, Inc. (CNP) traded down $0.12 during trading on Friday, hitting $29.59. The company’s stock had a trading volume of 3,003,782 shares, compared to its average volume of 2,581,365. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 4.10 and a beta of 0.64.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). CenterPoint Energy had a net margin of 6.86% and a return on equity of 16.45%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company earned $0.41 EPS. CenterPoint Energy’s revenue was up 11.1% compared to the same quarter last year. research analysts anticipate that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.62%. CenterPoint Energy’s payout ratio is currently 76.98%.

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Institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd acquired a new position in shares of CenterPoint Energy during the second quarter valued at approximately $678,000. Federated Investors Inc. PA raised its holdings in shares of CenterPoint Energy by 160.1% during the second quarter. Federated Investors Inc. PA now owns 84,599 shares of the utilities provider’s stock valued at $2,316,000 after acquiring an additional 52,078 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of CenterPoint Energy during the second quarter valued at approximately $5,476,000. Teachers Advisors LLC raised its holdings in shares of CenterPoint Energy by 12.0% during the second quarter. Teachers Advisors LLC now owns 1,964,638 shares of the utilities provider’s stock valued at $53,792,000 after acquiring an additional 209,856 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of CenterPoint Energy by 25.6% during the second quarter. Toronto Dominion Bank now owns 145,724 shares of the utilities provider’s stock valued at $3,989,000 after acquiring an additional 29,740 shares during the last quarter. 78.44% of the stock is owned by institutional investors and hedge funds.

CNP has been the topic of a number of recent research reports. BidaskClub upgraded CenterPoint Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co set a $30.00 price target on CenterPoint Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $30.00 price target on shares of CenterPoint Energy in a report on Monday, October 2nd. Bank of America Corporation began coverage on CenterPoint Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price target on shares of CenterPoint Energy in a report on Monday, September 11th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.33.

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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