Scott M. Prochazka Sells 1,000 Shares of CenterPoint Energy, Inc. (CNP) Stock
CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $29.39, for a total value of $29,390.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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 shares were sold at an average price of $29.08, for a total value of $29,080.00.
CenterPoint Energy, Inc. (CNP) traded down $0.45 during midday trading on Tuesday, hitting $28.91. The stock had a trading volume of 2,870,596 shares, compared to its average volume of 2,824,438. The company has a market cap of $12,660.00, a PE ratio of 22.54, a price-to-earnings-growth ratio of 4.08 and a beta of 0.62. CenterPoint Energy, Inc. has a 12 month low of $23.73 and a 12 month high of $30.45. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08.
CenterPoint Energy (NYSE:CNP) last released its earnings results on Friday, November 3rd. The utilities provider reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.07 billion. CenterPoint Energy had a return on equity of 16.00% and a net margin of 6.59%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. equities research analysts forecast that CenterPoint Energy, Inc. will post 1.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.2675 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Wednesday, November 15th. CenterPoint Energy’s payout ratio is 77.54%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in CenterPoint Energy in the 2nd quarter worth about $153,000. Tortoise Investment Management LLC purchased a new stake in CenterPoint Energy in the 3rd quarter worth about $120,000. Paradigm Asset Management Co. LLC increased its holdings 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 acquiring an additional 100 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in CenterPoint Energy in the 2nd quarter worth about $154,000. Finally, Eagle Ridge Investment Management purchased a new stake in CenterPoint Energy in the 3rd quarter worth about $201,000. Institutional investors own 77.98% of the company’s stock.
Several brokerages have weighed in on CNP. Zacks Investment Research cut CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. BidaskClub upgraded CenterPoint Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. Bank of America initiated coverage on CenterPoint Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, SunTrust Banks reiterated a “hold” rating and set a $30.00 target price on shares of CenterPoint Energy in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.89.
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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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