CenterPoint Energy, Inc. (NYSE:CNP) CEO Scott M. Prochazka sold 4,000 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $27.09, for a total value of $108,360.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Scott M. Prochazka also recently made the following trade(s):
- On Monday, October 1st, Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock. The stock was sold at an average price of $27.54, for a total value of $110,160.00.
Shares of CNP opened at $27.80 on Wednesday. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.90 and a beta of 0.43. CenterPoint Energy, Inc. has a 12 month low of $24.81 and a 12 month high of $30.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.83 and a current ratio of 0.95.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, November 14th. CenterPoint Energy’s payout ratio is presently 81.02%.
A number of brokerages recently weighed in on CNP. ValuEngine lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. SunTrust Banks restated a “hold” rating and set a $30.00 price objective on shares of CenterPoint Energy in a research report on Monday, August 6th. Zacks Investment Research lowered CenterPoint Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, October 9th. Finally, Wells Fargo & Co raised CenterPoint Energy from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, October 8th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.33.
A number of institutional investors and hedge funds have recently made changes to their positions in CNP. DnB Asset Management AS lifted its holdings in CenterPoint Energy by 4.7% during the 2nd quarter. DnB Asset Management AS now owns 68,513 shares of the utilities provider’s stock worth $1,898,000 after buying an additional 3,100 shares during the period. IFM Investors Pty Ltd lifted its holdings in CenterPoint Energy by 33.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 23,532 shares of the utilities provider’s stock worth $652,000 after buying an additional 5,887 shares during the period. First Citizens Bank & Trust Co. acquired a new position in shares of CenterPoint Energy in the 2nd quarter valued at about $1,018,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of CenterPoint Energy by 48.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 249,687 shares of the utilities provider’s stock valued at $6,919,000 after purchasing an additional 81,698 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its stake in shares of CenterPoint Energy by 27.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,000 shares of the utilities provider’s stock valued at $610,000 after purchasing an additional 4,700 shares during the period. 67.52% of the stock is currently owned by hedge funds and other institutional investors.
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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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