Insider Selling: CenterPoint Energy, Inc. (CNP) CEO Sells 1,000 Shares of Stock

CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $27.91, for a total transaction of $27,910.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, January 2nd, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $28.11, for a total transaction of $28,110.00.
  • On Friday, December 1st, Scott M. Prochazka sold 1,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $29.39, for a total transaction of $29,390.00.

Shares of CenterPoint Energy, Inc. (NYSE:CNP) opened at $26.36 on Thursday. The stock has a market cap of $11,344.80, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.99 and a beta of 0.56. CenterPoint Energy, Inc. has a 52 week low of $25.51 and a 52 week high of $30.45. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s payout ratio is presently 78.10%.

Hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new stake in shares of CenterPoint Energy in the 2nd quarter valued at $678,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of CenterPoint Energy by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 65,817 shares of the utilities provider’s stock valued at $1,922,000 after purchasing an additional 4,236 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of CenterPoint Energy by 196.2% in the 3rd quarter. Shell Asset Management Co. now owns 61,861 shares of the utilities provider’s stock valued at $1,514,000 after purchasing an additional 40,976 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of CenterPoint Energy by 36.3% in the 3rd quarter. Stifel Financial Corp now owns 101,185 shares of the utilities provider’s stock valued at $2,960,000 after purchasing an additional 26,964 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of CenterPoint Energy by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 145,724 shares of the utilities provider’s stock valued at $3,989,000 after purchasing an additional 29,740 shares during the last quarter. 77.87% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on CNP. Zacks Investment Research raised shares of CenterPoint Energy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, February 2nd. SunTrust Banks reissued a “hold” rating and set a $28.00 target price on shares of CenterPoint Energy in a research note on Tuesday, December 26th. Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. They noted that the move was a valuation call. Citigroup lifted their target price on shares of CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Finally, Bank of America began coverage on shares of CenterPoint Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price for the company. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.33.

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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.

Insider Buying and Selling by Quarter for CenterPoint Energy (NYSE:CNP)

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