CenterPoint Energy, Inc. (NYSE:CNP) Chairman Milton Carroll sold 12,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $29.76, for a total transaction of $357,120.00. Following the sale, the chairman now directly owns 98,301 shares of the company’s stock, valued at $2,925,437.76. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Milton Carroll also recently made the following trade(s):
- On Monday, May 20th, Milton Carroll sold 19,780 shares of CenterPoint Energy stock. The shares were sold at an average price of $29.70, for a total transaction of $587,466.00.
- On Thursday, March 7th, Milton Carroll sold 40,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $30.02, for a total transaction of $1,200,800.00.
- On Tuesday, March 5th, Milton Carroll sold 75,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $30.21, for a total transaction of $2,265,750.00.
CNP stock traded up $0.36 on Friday, reaching $29.62. 4,430,374 shares of the company were exchanged, compared to its average volume of 4,771,156. CenterPoint Energy, Inc. has a 12 month low of $25.81 and a 12 month high of $31.42. The firm has a market capitalization of $14.55 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 3.24 and a beta of 0.51. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12.
CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.06). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.84 billion. CenterPoint Energy had a return on equity of 13.31% and a net margin of 3.39%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities research analysts anticipate that CenterPoint Energy, Inc. will post 1.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 16th were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.15 annualized dividend and a yield of 3.88%. CenterPoint Energy’s dividend payout ratio (DPR) is 71.88%.
CNP has been the subject of a number of analyst reports. KeyCorp initiated coverage on shares of CenterPoint Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Morgan Stanley lifted their target price on shares of CenterPoint Energy from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Friday. Bank of America upgraded shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $29.32 target price for the company in a research note on Thursday. They noted that the move was a valuation call. JPMorgan Chase & Co. reduced their target price on shares of CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, May 15th. Finally, Credit Suisse Group set a $33.00 target price on shares of CenterPoint Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.86.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. bought a new stake in CenterPoint Energy in the first quarter worth approximately $25,000. Financial Architects Inc purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $28,000. PRW Wealth Management LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $29,000. Flagship Harbor Advisors LLC boosted its holdings in shares of CenterPoint Energy by 174.6% in the first quarter. Flagship Harbor Advisors LLC now owns 950 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 604 shares during the period. Finally, Claybrook Capital LLC purchased a new stake in shares of CenterPoint Energy in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.35% of the company’s stock.
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About CenterPoint Energy
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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