CenterPoint Energy, Inc. (NYSE:CNP)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $28.38, but opened at $27.82. CenterPoint Energy shares last traded at $27.65, with a volume of 11370000 shares traded.

Several brokerages have commented on CNP. ValuEngine downgraded CenterPoint Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. JPMorgan Chase & Co. upgraded CenterPoint Energy from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Wednesday, September 5th. Zacks Investment Research downgraded CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. SunTrust Banks reiterated a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a report on Monday, August 6th. Finally, Bank of America upgraded CenterPoint Energy from an “underperform” rating to a “neutral” rating in a report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. CenterPoint Energy currently has an average rating of “Hold” and an average price target of $28.86.

The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.83. The firm has a market cap of $12.10 billion, a P/E ratio of 19.80, a P/E/G ratio of 3.09 and a beta of 0.45.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Friday, August 3rd. The utilities provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). CenterPoint Energy had a net margin of 15.43% and a return on equity of 10.73%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. equities research analysts expect that CenterPoint Energy, Inc. will post 1.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th were given a $0.2775 dividend. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $1.11 annualized dividend and a dividend yield of 4.01%. CenterPoint Energy’s dividend payout ratio is 81.02%.

In other news, CEO Scott M. Prochazka sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $27.99, for a total value of $111,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Milton Carroll sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $28.27, for a total value of $282,700.00. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock valued at $504,940 over the last three months. 0.22% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Braun Bostich & Associates Inc. boosted its position in shares of CenterPoint Energy by 1,372.0% in the second quarter. Braun Bostich & Associates Inc. now owns 4,151 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 3,869 shares during the period. Ropes Wealth Advisors LLC bought a new position in CenterPoint Energy in the second quarter worth $130,000. Signet Financial Management LLC lifted its position in CenterPoint Energy by 649.6% in the second quarter. Signet Financial Management LLC now owns 5,322 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 4,612 shares during the period. Qube Research & Technologies Ltd lifted its position in CenterPoint Energy by 55.9% in the second quarter. Qube Research & Technologies Ltd now owns 8,042 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 2,882 shares during the period. Finally, Mainstay Capital Management LLC ADV lifted its position in CenterPoint Energy by 2,671.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 8,313 shares of the utilities provider’s stock worth $300,000 after purchasing an additional 8,013 shares during the period. 77.26% of the stock is owned by institutional investors.

About CenterPoint Energy (NYSE:CNP)

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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