CenterPoint Energy, Inc. (CNP) Insider Milton Carroll Sells 19,780 Shares

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CenterPoint Energy, Inc. (NYSE:CNP) insider Milton Carroll sold 19,780 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $29.70, for a total value of $587,466.00. Following the completion of the transaction, the insider now owns 98,301 shares in the company, valued at approximately $2,919,539.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Milton Carroll also recently made the following trade(s):

  • On Friday, May 17th, Milton Carroll sold 12,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $29.76, for a total value of $357,120.00.
  • 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 value of $1,200,800.00.
  • On Tuesday, March 5th, Milton Carroll sold 75,000 shares of CenterPoint Energy stock. The shares were sold at an average price of $30.21, for a total value of $2,265,750.00.

NYSE:CNP opened at $29.42 on Friday. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 3.37 and a beta of 0.45. CenterPoint Energy, Inc. has a 1 year low of $25.10 and a 1 year high of $31.42. 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 earnings results on Thursday, May 9th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.84 billion. CenterPoint Energy had a return on equity of 13.31% and a net margin of 3.39%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts predict that CenterPoint Energy, Inc. will post 1.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.15 annualized dividend and a dividend yield of 3.91%. CenterPoint Energy’s dividend payout ratio is currently 71.88%.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 15th. Credit Suisse Group set a $33.00 price objective on CenterPoint Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Wells Fargo & Co reiterated a “buy” rating on shares of CenterPoint Energy in a research note on Thursday, February 28th. Finally, Goldman Sachs Group assumed coverage on CenterPoint Energy in a research note on Monday, February 25th. They issued a “buy” rating and a $34.00 price objective on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $32.33.

Several large investors have recently bought and sold shares of CNP. Vanguard Group Inc lifted its position in shares of CenterPoint Energy by 10.6% during the third quarter. Vanguard Group Inc now owns 54,775,862 shares of the utilities provider’s stock worth $1,514,553,000 after acquiring an additional 5,270,138 shares in the last quarter. Norges Bank purchased a new stake in shares of CenterPoint Energy during the fourth quarter worth $146,903,000. FMR LLC lifted its position in shares of CenterPoint Energy by 114.6% during the fourth quarter. FMR LLC now owns 6,472,243 shares of the utilities provider’s stock worth $182,711,000 after acquiring an additional 3,456,131 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of CenterPoint Energy during the first quarter worth $69,287,000. Finally, AQR Capital Management LLC lifted its position in shares of CenterPoint Energy by 48.4% during the first quarter. AQR Capital Management LLC now owns 6,221,359 shares of the utilities provider’s stock worth $190,995,000 after acquiring an additional 2,028,212 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

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CenterPoint Energy Company Profile

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.

Further Reading: Special Dividends

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

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